Re: Converting the waste and scope of its size
in response to
by
posted on
Jan 09, 2015 12:21PM
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%)
No insult taken.
I wasn't previously aware that CF assigned an inferred grade of .25% (?) to the entire 171 megatons of waste.
I thought all the waste totaled 171 megatons (including overburden, etc.), and we could upgrade an undisclosed portion of it.
I guess I missed that earlier...
There had been recent discussion elsewhere that only a small portion would be economically convertable and that a major portion of the waste was in fact truly waste.
When I saw that the company put it clearly in the presentation that ALL the 171 megatons was inferred, I was very happy to see that. I personally prefer to see it in writing direct from the company.