Re: Clues
in response to
by
posted on
May 17, 2013 01:57PM
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%)
Finding more copper below the pit plan, under the mountain, or far from the mine site won't improve our economics. Proving up the waste rock, improving metallurgical recoveries, and drilling the edges of our block model will help our economics.
Economics is one thing and they will improve everything you stated, you can always make it better, they already know how and Teck have their own cost scenario and numbers to work with.
But, Size, Mine life and beyond (staying put for 60+ years) and NSR will get us bought out. And drilling the untested portion of the Paramount will prove that futur potential a major wants to see.
I think that can be done this summer with either back-in option.