Re: Conference Call Opinions
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 a quick mention of perhaps earlier if it is completed by then. It is my opinion that they are under promising and over delivering in this case. Plus, they are trying to be as conservative and vague as permissible, just in case anything else occurs on Tetra Tech's side of things.