Re: TIME FOR A NEW STRATEGY
posted on
Feb 04, 2020 01:59PM
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%)
I don't need to justify anything. That's what the industry is going for, period. Not saying it could not change in the future (e.g. some studies are now coming out with NPV (7.5%), but we need to work with the tools and data we are given.
MoneyK