Curis Resources Ltd PCCRF

RE: RE: News- Florence Copper Prefeasibility Study

[adit123]

The great news (confirmation) is that even if they never got to use the Florence (private) lands, they have a good 9 years of production with capital cost payback in the first 2.4 years. So even being conservative, they have a good 6 years following cap payback. It is had to imagine that Florence would continue to balk at expanding the project 9 years after production started given there were no water quality issues, etc. In any case, bottom line is the project will be valued--and thus the SP--just on the State lands and you would have to be a verrrry loooong term holder to worry about Florence 9 years from now. Unfortunately this holds down what the SP could have been, but heck I'll take a viable project even on the State lands.