Re: Using 3.50 copper….
in response to
by
posted on
Sep 30, 2021 02:30PM
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%)
The way I get it, Teck has reviewed all the historical data to come up with their geological model of SC. That portion was probably completed in 2020? Now, they need to drill a couple of holes here and there to confirm some assumptions.
Although they might drill a couple of holes around the already defined area to extend mineralization, that's not where most of the value could come from.
IMO.
MoneyK