Re: CUU in the news
in response to
by
posted on
Feb 17, 2015 02:05PM
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%)
Thank you so much for answering my question.
Your 100% correct, you allways file for a bigger mine , just incase you need to expand.
So how can the last NR with a initial 12 years be good, everyone is saying it is for a quicker pay off.
I just dont get that part.
The last NR just don't mean nothing then.
If you will get a mine plan for 200 000 tpd or even larger, then you are going to need to set up the mine for future expantion.
Where is the savings? quicker pay off?
you spend the money to do the job. Unless people think that they will start off small, get the quicker pay off. Then rip everything out. Go bigger then get another pay out. Then rip all of that equipment out for yet another payout.
I highly disbelieve that , that will be Teck's plan.
I think Teck will want to get this for as cheap as they can