Re: Worst Case Scenario
in response to
by
posted on
Oct 12, 2014 11:10PM
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%)
You were suggesting they had to do a FS before the production decison. I don't believe they have to do that according go the JV.
Also, in practical terms, nobody would care what the JV says if they want to make a positive production decision.
They might choose to improve the current FS. I guess it would depend on the sort of changes that were necessary. They can update the figures simply enough.
They could delay for this reason which is exactly what I said initially: Short of that, I guess the worst case might be some sort of delaying tactic. They might say they are going to update the FS.