Re: Show me where bankable and positive...
in response to
by
posted on
Feb 15, 2013 01:59PM
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%)
What I'm saying is that the contract does not specifically seperate the two.
It says this under the definition for PBFS, so part of the definition states that you get a positive feasibility first and then it has to be determined whether or not it meets the criteria for being a PBFS. So there are two states, positive feasibility and then PBFS.
I'm only saying that the contract does make a distinction between the two.