Re: CUU 's sc true value?
in response to
by
posted on
Jan 14, 2014 06:11PM
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%)
"4-5 years ago I watched Dr Kevil being interviewed on BNN, and he literally gushed about the richness of the Shaft Creek resource. that was before we discovered the Paramount, which in some places goes right up to the surface."
Even without a large part of the Paramount zone the 2007 Resource estimate measured and indicated was 1.393 billion tonnes with 7.7 billion pounds of copper which is more copper than the 2012 Resource estimate.