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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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M&I

  • Copper: from 7.38B to 7.76B - 5.1% increase
  • Gold: from 6.5M to 6.97M - 7.2% increase
  • Moly: from 470.6M to 510.6M - 8.5% increase
  • Silver: from 51.49 to 54.26M - 5.4% increase

If my calculation is correct, that's an additional "free" 700M pounds of CuEq vs. the previous RE.

It's important to note that for this RE, they are using the same recoveries as 2013.  Per the March 3rd NR, they currently have higher metal recovery assumptions, which should increase these numbers even higher.

IMO

MoneyK

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