940.8 million tonnes of ore?

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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%)

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youngmoney

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940.8 million tonnes of ore?

posted on Feb 24, 2014 09:05PM

I have a question for the board:

I was reviewing the BFS and realized some of the ore is being discounted from the overall value.

The BFS states we have a 21 year mine life of Proven and Probable Mineral Reserves producing 940.8 million tonnes of ore containing:
5.6 billion pounds of copper
5.8 million ounces of gold
363.5 million pounds of molybdenum
51.7 million ounces of silver

But slide 7 on the corporate presentation states:

LIFE OF MINE (LOM- 21 years) IS PRODUCING:
COPPER PRODUCTION: 4,875,000,000 lbs
GOLD PRODUCTION: 4,213,000 oz.
SILVER PRODUCTION: 25,100,000 oz.
MOLYBDENUM PRODUCTION: 214,915,000 lbs

My question is where did the rest of the P&P reserves of ore go?
700 million pounds of Copper
1.6 million ounces of Gold
148 million pounds of Moly
27 million ounces of Silver

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