Re: Partner probably funding the whole thing?
in response to
by
posted on
Jan 03, 2013 03:30PM
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%)
I don't think that 2.125 Billion is reaching the moon. Imagine the future cash-cow of this thing. Minimum, what 50 years at increasing metals prices. Unless chemists find a way to produce billions of pounds of these metals for next to nothing, we will still need to mine this stuff.