Re: SC PFS (2008) vs. FS (2013) and possible FS/PEA (2021)
in response to
by
posted on
Jan 23, 2021 11:37PM
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%)
Come on EG!
"A PEA is never used to decide to proceed with a mine. The cost uncertainty window is +/- 40% typically and you need to derisk sufficiently with a PFS and FS"
Good thing Schaft Creek is a post feasibility level advanced project! This pea report is only a independent 3rd party review for updating economics. It's a 43-101 report that is needed for asset sale. SC is post-feasibility level. More so with all the advanced engineering reports over the last several years after 2013. Copper Fox just didn't want to spend 40 million re-doing economics. So we are using pea level detailing to update public on new numbers. Simple and strategic. The project itself is very advanced and near a production decision.