Re: Converting the waste and scope of its size
in response to
by
posted on
Jan 09, 2015 11:35AM
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're correct to not be happy about the waste being excluded. Elmer put out the BFS on time, that was the only submission date he actually met. But it is the only one he should have delayed. The drills were there, sent away, brought back, too much fog etc. He rushed to get it out so he could say he met the timeline, dumb move.
The submission of the BFS and the poor numbers is what started the landslide of our stock price as it was delayed so many times the anticipation of great numbers was very high, the release let the air out of the stock. The constant pumping here by a couple individuals and comments like 'the numbers will be so good the market won't believe it.' drove the anticipation of great results.
Not getting the waste included was a huge blunder and we are still paying for it. The BFS is not that attractive, but it's not the real story without the waste converted.
From my standpoint, I hope there was collusion as it might explain a few things.