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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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Message: Re: Teck Reserves
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Dec 07, 2014 03:31PM
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Dec 07, 2014 08:52PM

Did you know Teck booked reserves for Galore Creek on the basis of a PFS, which is a lower level analysis than a FS?

I thought it was you, but I didn't take the time to go back through all the posts.

I didn't know when Teck booked the reserves for GC, but I assume the PFS was done under their own QP, or at least their own authority? I'm guessing that they are taking their time with SC until they have confirmed the numbers themselves. They've obviously not moved it out of the exploration category anyway, and that must be connection to booking the reserves.

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