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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: The Deal May Be Done
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Oct 28, 2012 05:33PM

It was Elmer that said the PFS was not done correctly.

Cash Operating Costs
Cash Operating Costs are estimated at US$12.49 per tonne of ore for the life of the mine. Average costs are US$4.14/t for mining, US$3.94/t for milling, US$0.93/t for general and administration, and US$3.49/t concentrate handling and treatment.

The revenue generated by the production of molybdenum, gold and silver (US$14.36/t) leaves a positive balance of US1.87 $/t. This translates into an additional credit to the copper production of US$0.32 /lb of copper produced.

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