Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 05:44PM
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%)
Probably to reduce costs for Galore Creek. If they proceed with Copper Fox then they will reduce some expenses on Galore ... they can splice the NTL power to Galore as well and reduce costs there... I think this is another reason why Teck wants us. To make Galore more profitable.