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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: SC PFS (2008) vs. FS (2013) and possible FS/PEA (2021)

Anyone has an idea what's the best way to estimate (ballpark) the FS/PEA (2021) total production when assuming the recoveries (%) they had in 2008?

  PFS (2008) FS (2013) FS/PEA (2021)
Total production (LOM)      
Copper (M lbs) 4,762 4,875 6,120
Gold (T oz.) 4,493 4,213 4,936
Silver (M oz.) 32.5 25.1 31.1
Moly (M lbs) 255.2 214.9 282.2

For my numbers, I used the 2008 numbers, adjusted based on mine life (e.g. 22.6 years vs. 21 years), added 33% for the increase in tonnage (from 100k tpd to 133k tpd) and adjusted that total with a grade ratio (e.g. 0.25%/0.26%).  Does that make sense?

Or else, should I possibly use the 2013 numbers, do a rule of three for the recovery (%) and then add 2.3% for the increase in tonnage + adjust with a grade ratio?

I might be comparing apple with oranges here, not sure.  How were they able to obtain so much production with only 100k tpd in 2008?

Any help would be appreciated.

MoneyK

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