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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: What's The Panic?
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Nov 21, 2012 06:49PM

Agreed RT, Moly prices are not going where we want them and moly is a significant proportion of our value.

In a perfect world all 4 (5 with Rhenium) metal prices would be spiking right now. That's the beauty of a polymetalic deposit - there is some buffering of individual fluctuations in metal markets. In general, I'm quite happy with current metal prices.

BRoF brings up a good point about selecting a point in time to say: "these are the final ore prices we will use". I think the prices can be left flexible until the very very last iteration of the economic calculations. I'd guess that they can wait until a week or so before signg things off before cementing the numbers. Ive see a lot of PEA's with very current pricing (to the week of the NR) and some can be rather opportunistic in terms of timing.

Current 3 yr prices: Cu $3.68, Au $1473, Ag $28.46

Does anyone have 3 yr price for Moly - maybe a recent PEA/FS?

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Nov 21, 2012 07:51PM
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