Re: Timeline and delays
in response to
by
posted on
Feb 21, 2012 03:31PM
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%)
I think Prospekt has hit the nail on the head again. Elmer needs to literally move a mountain in that BFS and that is tough to do considering the iterative process Prospekt has described. It has to be technically possible and maximize economics while minimizing Capex/opex. One tweek here sends another 10 parameters out of whack...start again.
I want it done right however long it takes.
Looks like we dodged the Greek issue and the economy and metal markets look okay. The 3yr Cu price continues to climb.
Other than PDAC, I don't see much need to overly hasten this report. I sincerely hope that this is done for PDAC though as that would generate the most buzz we could hope for all year.
Todays volume tells me that everyone is sitting still waiting for either some serious buying volume again or the BFS. Anyone speculating on what the BFS would bring or trigger has ante'd in as it has been expected for almost two months now.
random....120 days from tomorrow is June 20th