Re: Lower Expectations
in response to
by
posted on
Jan 25, 2013 09:49AM
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%)
very telling that the Teck SVP in that audio talks about making money basically on the commodity price spikes.
Are these cyclical "price spikes" captured in the Monte Carlo simulation ran in the ROV case? I imagine so.