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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: Smaller Mine
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Nov 06, 2014 01:49PM
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If you are correct in this thinking, how would this affect us? Im thinking if they want to save money on start up, I doubt they want to shell out a billion to us for our 25%. Finding a partner to take our 25% is still reasonable....but with less production (albeit longer life expectancy and upgrade potential) Ive got to think our buyout would be lower as they wouldnt recoup their buyout costs as quickly, no? Please give me reason why this thinking isnt logical

thanks!

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