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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%)

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Message: Re: Article on Schaft Creek...
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Sep 30, 2015 10:41AM

Seems to be a pretty accurate article as far as cash goes but something the author doesn't seem to comprehend is that Teck isn't going to make a production decision based on the spot price of moly and copper today. It isn't like they can have this in production tomorrow. Its called "planning ahead" and takes years. I guess we will have to wait and see what Teck says the real cost to produce a pound of copper at Schaft Creek is.

I still can't believe CUU has blown through about 95% of the cash they recieved from Teck. I find it mind boggling and wonder if the investment decisions in the past couple of years or the return of investment to shareholders was made by Mr. Stewart or our largest shareholder....

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