Re:My take for what it's worth, Greg Waller
in response to
by
posted on
Nov 01, 2013 10:45PM
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%)
We have not made a commitment to develop Schaft Creek. Any plans for taking on additional capital expenditure commitments would have to be done in the context of our commodity market outlook, free cash flow generation and alternatives for investing that capital.
Regards
Greg Waller
Thanks for this youngmoney. It is interesting Greg is not saying they are waiting for the cores. Maybe they have seen them and it is now a different kind of decision.