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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%)

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Message: Re: rumor
5
Jan 27, 2014 10:02AM
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Jan 27, 2014 10:44AM
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Jan 27, 2014 10:46AM

Honestly - it doesn't matter who uses the port/which mine.

Elmer once told us that securing that Port saved us about $36 million per year in shipping costs. It is a significant detail in our Feasibility Study.

Teck is taking apart our FS by removing the Port, if they have done this, from the Schaft Creek project. This would mean that the FS has to be done over, which I suppose was expected, but it still points to more time.

It's not so much what is happening to the port as what the implication is for our timing and what Teck's plans are in terms of bringing Schaft Creek forwards.

3
Jan 27, 2014 11:11AM
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Jan 27, 2014 11:13AM
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