Re: Partner probably funding the whole thing?
posted on
Jan 03, 2013 03:44PM
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%)
This is what we have in 50% of just Schaft Creek and 50% of that is out of the BFS. Pit depth of 400m
CONTAINING A MEASURED AND INDICATED RESOURCE OF 7.1 BILLION POUNDS COPPER, 455.3 MILLION POUNDS MOLYBDENUM, 7.3 MILLION OUNCES GOLD AND 66.7 MILLION OUNCES OF SILVER
AND AN INFERRED RESOURCE OF 2.9 BILLION POUNDS OF COPPER, 206.2 MILLION POUNDS OF MOLYBDENUM, 3.3 MILLION OUNCES OF GOLD AND 31.6 MILLION OUNCES OF SILVER
Total M&I : 1.228 Billion Tonnes
Total Inferred: 597 Million Tonnes
Total M&I+Inferred: 1.825 Billion Tonnes