Re: Drilling
in response to
by
posted on
Aug 24, 2012 10:48AM
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%)
Every scenario I run shows us as being economical, but then again we haven't seen any hard economical numbers since 2008
.....but since 2008 we have expanded the initial resource in all directions and improved the grade at depth while discovering multiple mineralized zones through a mineral trend that is consistent with a district structure, added multiple mineral tenures to expand the exposure to 20+ km mineralized trend....but ignore all that and just focus on continued insider committment...all that aside you are 100% correct.
DC14