Re: Quellaveco vs Schaft Creek
in response to
by
posted on
Feb 18, 2012 05:51PM
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%)
From Anglo Am web site
http://www.angloamerican.com/media/fact_book/2011fb
2010 M&I mineral resource of 823.8 Mt @ 0.44 Cu (3.68 bil pounds) with 183 Mt Inferred at 0.45 (828 Mil pounds) That 4.5 Bil pounds Cu total.
We are WAY... past this now !
What ???? that's it????? And for a premium of almost a billion $ !
That article just sealed the deal in my mind and shut out any last hint of doubt that I may have been harbouring these past months. Time to have a drink !!