Re: New Corporate Presentation: April addition
in response to
by
posted on
Apr 26, 2014 09:48AM
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%)
i agree with most of what u & Prospekt say in both ur latest posts...
however, if during this evaluation economics prove up well & SC is a financial go.....building the infrastructure & mine will not get any cheaper by Teck delaying. there's a need to lock in the cheapest cost/lb they can get. ($1.15/lb or less based on enhanced recovery sounds pretty good to me).
Contractors & Equipment suppliers will be "licking their chops" & increasing prices into any Metals market recovery imho.
sb