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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: Re: SC Mine life
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Dec 15, 2021 07:39PM
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Dec 15, 2021 08:38PM
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Dec 15, 2021 09:14PM
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Dec 15, 2021 10:16PM
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Dec 15, 2021 10:22PM
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Dec 15, 2021 10:28PM

I don't think the report is deceitful, but it's not always easy to understand the areas where improvements are still possible and mostly their impact.  In my opinion, the assumptions used in the PEA are reasonable and in order to use more aggressive assumptions, they probably would need data to back it up.  The 2021 Program was expected to address some of these points.  Now with the limited drilling, let's see...  

One portion of the PEA that I still don't understand are the recoveries.  Why did they use lower recoveries vs. the 2013 FS?  At my knowledge, nothing was done since 2013 that invalidates the previous work that was done for the FS.  Should normally only get better with technological advances?

MoneyK

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Dec 16, 2021 12:20AM
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