Re: Timeline and delays
in response to
by
posted on
Feb 21, 2012 05:50PM
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%)
All
I'm not a geo guy so don't have the knowledge to back up my thoughts, however I trust that many on this forum will be able to answer this question.
Could the FS delay be partially down to the starter pit waste zone having to be re-defined due to the recent diamond drilling results? I seem to recall at least one hole found decent results where they initially planned to use as part of the waste site.
Forgive my ignorance if I'm way off base but thought I'd ask the question.
Either way I can sit and wait a few months more, hopefully before the next Greek bailout is required or they inevitably default.
Watching and waiting with the rest of us...
Max