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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: 940.8 million tonnes of ore?
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Feb 24, 2014 09:05PM
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Feb 25, 2014 01:41PM

this is on a plant running already for many years and still they can get so much more ore profitably recovered ?

No, they just built a new mill costing a great deal of money:

HVC parent Teck Resources Ltd. is investing more than $600 million at the site for three projects that began last year, including searching its property — including pits mined in the past — for more ore, bodies that could extend the mine’s life past its 2027 expected closure. About $540 million of that sum will be spent on mill optimization, the largest-ever capital investment made at the mine.

The largest project at the site is the new flotation building. Inside, twenty-one cells — a series of cascading tanks that separate minerals — will replace today’s 257 cells. Along with the pebble crusher and tailings improvements, the investment will make the mine a more efficient producer — all important when mining a low-grade deposit.

It is possible, or probable, that Teck is taking material from Schaft Creek and doing their metallurgical studies at HVC in their new mill. They've obviously spent a lot of work recently looking at improving grades in large porphyry mines and I would imagine they knew how far they could take the Schaft Creek grades.

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