Re: Using 3.50 copper….
in response to
by
posted on
Sep 30, 2021 03:29PM
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%)
Thanks for your reply,
In Elmers response to Curius Q&A he said .....
>The 2021 drilling is to collect samples and data with the objective of increasing metal recoveries, decreasing the strip ratio both value enhancing initiatives assuming positive results. The drilling could also provide a better confidence level in the resource model. Teck are completing the activities required to advance the project to the next stage.<
which falls in line of what you suggested.
If I remember correctly Elmer answered a question about not selling until the drill results are in which made me think(at the time) they were hoping for something more.
Thanks