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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%)

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Message: Smithers Presentation
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That was a great post by Hayz

Chappy I can now understand that the reason for the 2012 exploration programme ending as it did as per Elmer's explanation of more delays to the BFS.

This makes sense and is a good point since it may/would have been very detrimental to the general view of the market at the time (remembering the response and reaction after the NR of waste rock) if further delays were announced. Although considering the current share price over the past few months - who knows which was the better way to go? Cheers Topaz

Smithers Presentation

posted on Mar 23, 13 04:21PM

HayzToo - The waste rock: If we had tried to prove up the waste rock last year, they BFS would have been delayed by another year at least. They wanted the BFS more, so did not continue proving up the waste rock

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