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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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Not quite sure I'm following you EG.  5% more metal in the starter pit seems significant. 

500Mlbs of extra CuEq over 21-22 years with recoveries not even increased yet!

 

  • Previous RE was 1293.2MT with (i think) NSR Cut-off around $6.60/t
  • CuEq calculation based on: US$3.00/lb copper, US$1,250/oz gold, US$9.40/lb molybdenum, US$10/oz silver

 

  • Current RE has 1345.5 MT with NSR Cut-off at $4.31/t
  • CuEq calculation based on: US$3.00/lb copper, US$1,200/oz gold, US$10/lb molybdenum, US$20/oz silver

IMO

MoneyK

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