Re: Foxy.... please see below for Elmer words.
in response to
by
posted on
Mar 14, 2014 09:54AM
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%)
I totaly agree with you d_man_123, I actually find it encouraging to remember the preliminary feasiblity study numbers. Yes, I agree that the full FS was a poor follow up to the PFS. However it shows that kind of improvements that we can expect (hope for) when they do the project enhancements. It shows the potential net affect of the enhancements.
What I find encouraging is that the PFS used such low metal prices ($3.12/pound copper, $692/oz gold, $33.00/pound molybdenum and $13.09/ozs silver) - and yet they still had a negative $0.32 costs to produce pound of copper net of the sale of the gold-molybdenum-silver credits. I had totally forgotten that.