The last word from Elmer was that he had room to shave some of the cost off. He is using the titans of the industry and they forcast the price estimates to include inflation. They did not give the current prices of the time.
We have about 18 years at .27 but the new drill results are giving us 4 years of high grade. This makes a big difference. Below is the resource estimate and it obviously doesn't have the gravy in it.
The impact of the high-grade samples on the resource estimate for the Schaft Creek deposit was completed using uncapped and capped grade models. The capping grade thresholds and the estimated percentage of metal removed from the resource estimate are shown below in Table-2.
Table-2: Cap Grade Thresholds and Estimated Metal Removed
| |
|
|
|
|
|
| Main Zone |
Cap Grade |
Number Capped
|
Metal Removed |
Mean No Cap |
Mean Capped |
| Copper |
1.30% |
23 |
0.20% |
0.26065 |
0.26025 |
| Gold |
2.0 g/t |
13 |
0.80% |
0.18185 |
0.18045 |
| Moly > 0.01% |
0.30% |
9 |
0.70% |
0.02259 |
0.02244 |
| Moly < 0.01% |
0.05% |
41 |
4.70% |
0.00575 |
0.00548 |
| Breccia Zone |
Cap Grade |
Number Capped
|
Metal Removed |
Mean No Cap |
Mean Capped |
| Copper |
2.00% |
10 |
0.40% |
0.27754 |
0.27653 |
| Gold |
2.0 g/t |
13 |
3.40% |
0.16103 |
0.15552 |
| Moly > 0.01% |
0.31% |
4 |
0.50% |
0.02526 |
0.02513 |
| Moly < 0.01% |
0.05% |
13 |
5.90% |
0.00696 |
0.00655 |
