Re: Drill program: Opinions
in response to
by
posted on
May 01, 2013 12:35PM
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%)
We need to spend about $20 million. Full drilling and exploration. Update the RE and FS. Pay for the legal fees for the JV. Then sell. All of this could be done in 1 year. This give dd time to a buyer. But long before this happens the Teck decision will set the direction this is going to go. We are waiting for Teck. Final positions are on the table.