Re: NTL - A short history
in response to
by
posted on
Sep 30, 2014 05:16PM
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%)
Once again, its a more detailed, planned and accurate study. The Pre-feasability study was a long time ago and costs of many things have changed since then. I don't see a reason why they would need to explain it, both studies would clearly show how these numbers are derived. The studies are what they are.
Now if you want to say something about the waste rock, that could at least argueably be something that could have been changed/known/fixed.