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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: Metal tonnes vs LOM metals
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Dec 16, 2021 03:41PM
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Dec 16, 2021 04:42PM
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Dec 16, 2021 09:19PM

The pit shell in the RE does not include an analysis to determine how much of the resource can be extracted economically via an optimal mine plan. That's done in the PEA, or PFS , or FS, which always leaves some material out of the mine plan. I typically expect 60-70% of the resource making it into the mine plan for any deposit. Even high grade material in the measured and indicated categories can be left out if it can't be extracted economically. I can only see one thing that matters for SC. Will Teck announce the project will move into the PFS stage next year or not? That should be the trigger to enter sale discussions. Otherwise the project will remain dormant with little sale value.

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Dec 17, 2021 09:53AM
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Dec 17, 2021 10:41AM
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