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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: 171 million ton inferred
4
Mar 07, 2014 04:25PM

Golf, has this 171 million tons been upgraded to reserves now? I thought they only punched one hole into it? Was that all that was needed?

I think Golf was answering the questions of 3boost in what he thinks is going on. This hasn't been announced by management yet.

I don't think the whole of the 171 mt are likely to be upgraded, but then again I don't think we're going to see that information before a buyout.

I think the upgrading of the waste can happen, in part, through technical drills because the mine pit needs to expand at the top and on the way down in order for that material to be accessed. Some of those technical drills from last year were to show whether there was enough stability (or something) to enable them to move eastwards with the pit, and westwards. If this is possible, then they could also go deeper where they know there are more minerals.

That is what I think they are doing, and why the EA has not been submitted, because they need to work on the pit plan with the information from last years drilling.

3
Mar 07, 2014 04:43PM
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Mar 07, 2014 04:54PM
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