Re: Teck's view! Seems positive "Prefeasibility to be Initiated"

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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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MoneyK

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Re: Teck's view! Seems positive "Prefeasibility to be Initiated"

posted on Mar 09, 2021 08:43AM

In 2013, our FS had the NSR cut-off at $6.60.

Tecks slides confirms it's at $4.31. From what I understand, that's a lot less waste and a lot more metal available.

"Mineral Resources are reported within a constraining pit shell developed using Whittle™ software. Inputs to the pit optimization include the following assumptions: metal prices; pit slope angles of 40–44º; metallurgical recoveries reflective of prior test work that average 86.6% for copper, 73.0% for gold and 48.3% for silver. 3. Mineral Resources have been estimated using a US$4.31/t Net Smelter Return cut-off. Mining and process costs, as well as process recoveries were benchmarked against similar projects."