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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: Using 3.50 copper….
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Call the office to confirm, but that's what I got out of my conversation.

Understanding the quality of the mineralization can influence many paramters.

  • grades
  • recoveries
  • mill availability

If you have better grades and better recoveries, you have to move less waste around, which improves the strip ratio, lowers the cost, etc.  Everything is linked together.

I see this as Teck doing their due diligence, since most of the previous work was done by Copper Fox with "older" technology.

IMO.

MoneyK

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