Re: CUU in the news
in response to
by
posted on
Feb 17, 2015 02:19PM
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%)
Teck like any other investors including us will want to get this mine into production as cheaply as possible and a payback as fast as possible. That's when you start making money right?
Dogger, good questions, nobody can answer you because it's not finalized yet.
Try calling Elmer, he can explain to you on why the JV is focusing on the intial 12 year mine life. I called and got my answer.