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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: 2015 plans
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Feb 26, 2015 01:40PM

i dont even care so much about the production decision because once the optimization study is done then Elmer will list Schaft Creek for sale and thats when things will get more interesting.

I thought Elmer stated in mid 2014 that he was not interested in selling until commodity prices improved. And commodity prices are worse now than when he said that in 2014. I can't see him entertaining the idea of selling SC when the optimization study is done, unless the commodity itself is performing well enough to get 'fair value' for SC.

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