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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: Teck Quarterly Reports
15
Oct 29, 2014 11:37AM

I'm with Calvin on this, I thnk they're going smaller and cheaper for start-up and a quicker pay-back period. That doesn't mean that it would be less profitable in terms of the cost per pound of copper.

The NR specifically stated that they were doing core re-logging and mapping, focusing on the first 10-15 years of potential mine life.

I think that's what they are doing, defining a smaller project. It doesn't mean the overall size has gone but the initial project could be smaller.

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