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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: Silver’s amazing run...
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Jul 22, 2020 02:55PM

We used the same numbers as Galore.....from Teck AIF:

Galore Creek
Teck has a 50% interest in Galore Creek. The year-end 2018 resource statement presents a
conceptual change to the project. Only mineral resources are reported in 2018 and are estimated
based on commodity prices of US$3.00/lb copper, US$1,200/oz gold and US$20/oz silver.

Schaft Creek
Schaft Creek resources are based on a 2018 Resource Model Update. Open pit mineral
resources are reported at an NSR cut-off of US$4.31/t and constrained by a conceptual open pit
shape. The resource estimate categorizes 10% of the mineral resources as Measured, 70% as
Indicated and 20% as Inferred.

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Jul 22, 2020 08:12PM
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