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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: EA or bust?
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Mar 18, 2016 01:35AM
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Mar 18, 2016 03:46PM
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Mar 18, 2016 06:17PM
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Mar 22, 2016 12:43PM
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Mar 22, 2016 02:36PM

There are hints from the press updates about a focus on the Liard zone, the first 12 years of mine life and the tailings infrastructure to reduce costs. It suggests a smaller scale project with much less capital costs. If they targeted the Liard zone for example, the strip ratio would improve a lot since they wouldn't have to remove as much of Mount LaCasse. When I review the Teck annual reports they use the phrase "optimization studies" on both active and dormant projects. We haven't really been told what Teck intends to do with SC. The upcoming project update should reveal if we're ready for prime time or not. At least one well in the 2013 program tested blocks in the inferred section classed as waste rock in the mine plan so there could be a resource update. Unless they propose drilling to prove up more or all of the inferred waste then I don't see much value in drilling anywhere else.

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Mar 22, 2016 09:26PM
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