Re: My thoughts/opinions on why CUU is down
in response to
by
posted on
Aug 22, 2014 03:44PM
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%)
Oh, you are right, I had forgotten about the whole QP thing.
Maybe that is why Cathy was leaping over that and onto the production decision. Her thinking being that Teck would take the optimization results and then make the production decision. Cathy also told me we were in the "dead zone." That would be the bottom of that chart where we wait until production and major investors. (I told her I was well aware we were in the Dead Zone!)