Re: NTL - A short history
in response to
by
posted on
Sep 30, 2014 06:13PM
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 am not sure I see the correlation between the BFS not being on time and the results of it. Also the reason it was late was majority Tetra Tech's fault and pit slope problems. Not sure why you would bring "accounting mistake" into this, are you trying to say they didn't do the study correctly? As the PFS is an early study, something like the pit slope problem for instance may not have been found out until some time into the BFS (could even be near completion), this could be some of the extra cost right there. As I had/have said already, it is a more detailed, planned and thought out study, which should be alot more accurate. Sometimes it will be worse, sometimes it could be better. Even from day to day the metal prices are changing, which doesn't just effect what we are taking out of the ground and also effects the construction. Thing is, the results are the results, unless it was incorrectly done or faked.
Honestly I couldn't care less about the BMO study, they did their own what ever and got what they got. Why anyone would listen to a bank is beyond me though. But alas, there is no reason for them not to display these good results until completion of BFS, which would then supersede prior studies and take their place.
You have tried to veer off what I am addressing that you continually state over and over, but I won't let that happen.