Re:My take for what it's worth
posted on
Nov 01, 2013 12:14AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
The entire point of the BFS was to put a value on Schaft Creek. That's why CUU spent $90M and 3 years working on it. Just because it sucked doesn't mean it can be totally disregarded. When/if Teck produces an updated feasibility, then CUU will regain some attention.