Mineweb Article - Thoughts
posted on
Jul 18, 2013 09:00AM
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%)
http://www.mineweb.com/mineweb/content/en/mineweb-junior-mining?oid=198009&sn=Detail
Points out the 4x expenditures in the old agreement. Correct me if I am wrong but wasn’t the ~$400 million to be used for pre-production costs as well? Anyways, probably the most accurate article I have seen on the old agreement.