Re: What is up with all the conspiracy theories?
in response to
by
posted on
Feb 05, 2013 10:11PM
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%)
Nope.
From Chunky earlier: If the report is positive under §5.5(b)(ii) but not under §5.5(b)(i), Teck Cominco may nevertheless elect, in its sole discretion, to deem the report to be a Positive Bankable Feasibility Study.
(The report will be considered to be positive if it generates a positive NPV in either of the following two cases: (i) firstly, the report will be considered positive if it indicates that production from the Property would, on a project basis, generate a NPV of at least $1.00 using a discount rate no less than 12% and assuming a mine life of no less than 12 years and copper metal production of at least 25,000 tonnes per annum;)