Re: Vancouver Resource Conference
in response to
by
posted on
Jan 20, 2015 01:43PM
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%)
must be a deal with the government. because we pay for the claims to the government not the Tahltan's nation group.
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That would make a lot more sense. Does the province collect resource royalties on mining (similar to extracting oil for example)? That could provide the Tahltans with a good revenue stream that doesn't come out of our pocket? Would love to have that clarified.
Regarding David and Ernesto buying high (and pretty much all of us for that matter), all were expecting negative cost copper. I'm sure they were as dissapointed as we were when we lost that. Negative cost copper and a massive district like SC was a whole different ball game - we all would have been rich if it panned out as expected.
We can't be blamed for buying into this - it would have been truly a project without peer...
5.6bln lbs of negative cost copper! Plus a district surrounding it to boot? Wow.
Its been a long time since I really thought about my expectations when buying in. It really wasn't a dumb buy with the information we had available to us at the time.