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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: Copper down early

Feb 05, 2012 08:24PM
6
Feb 05, 2012 09:37PM

I was doing more comparisons since you mentioned other people claims of 6 cents a pound.

Google Tintaya mine. That was back in 06 but was basically 10 million tons at 1.% for 750 million. Bonuses for the satelite deposits if online before 2020.

So we'd have 500 million tonnes at 1% 3.75 billion plus silver and rhenium.

Just another way to look at it. Also note how the deal was structured. Note that they wanted a cap too. If we got a deal like that we could sell those portions for cash today.

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