Re: Quellaveco vs Schaft Creek
in response to
by
posted on
Feb 18, 2012 08:19PM
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%)
"You just can't use this one for a comparison."
My point of using it was to show that there are some multinationals WILLING to part with huge sum of $$$ to get their hands of future copper reserves, even in the most inhospitable (I would think) of places on Earth. So this should give seconds thoughts to all those who think that Shaft Creek is a low grade deposit that will not attrack interest.