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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: New Presentation
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Jun 02, 2015 11:56AM
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Jun 02, 2015 11:59AM
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Jun 02, 2015 12:36PM
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Jun 02, 2015 12:42PM

Captial costs likely will increase in the wake of Mt. Polley.

I don't see why this would happen. The end result of Mt. Polley seems to be that they need to do a more comprehensive report on tailings and examine all possible options. At the end of that they are to choose their best option, which is probably the one already in the FS. The problem at Mt. Polley is they had their dam built on unstable ground that shifted, but that is not true of our location.

It might take more time to pull together this report, or perhaps they already have done the work anyway for the FS and the optimization studies. It might also cost more to produce this report.

I don't see how it would increase capital costs though once the plan has been decided.

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Jun 02, 2015 01:49PM
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