Re: Conference Call Opinions - Thumbs up
in response to
by
posted on
Jun 05, 2012 01:09PM
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%)
There was also no sense of urgency to drill more holes. I think Elmers main point was that they already know there is a tonne (sorry about the pun) of resource and drilling more holes or doing a Red Kris (as one caller asked about) would be a waste of time and money and is decades away from being necessary.
I loved his comments about working with Teck and how much experise they have.
Now we wait. Hopefully not to long though.
Nut