Re: Dollar down below 88 cents
posted on
Nov 04, 2014 12:25PM
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%)
Also, another big factor to consider is the cost of fuel in an open pit style mining operation. If I'm not mistaken, this accounts for something like 25 - 30% of operating costs. Since the FS, oil and fuel costs have gone down close to 25%. This would roughly reduce operating costs about $0.10 per lb of Cu mined. This would increase NPV hugely.