Re: Using 3.50 copper….
in response to
by
posted on
Sep 30, 2021 01:15PM
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%)
It's a multi-purpose drill program aimed at reducing costs (capex & opex), improve metal recovery rates, increase npv, expand the SC mineralized area.
All the above would add many hundreds of millions to economics. Add greater certainty for the project.
This 2021 program could be the final piece in the puzzle.