RE: ... build a new resource calculation.”hmm ... Interesting CXM is in NW BC, in the area where Teck - Copper Fox have a 75/25 JV with the Schaft Creek mine / deposit ... in comparison ..
Here some of numbers from ...
Schaft Creek Feasibility Study
Proven and Probable Mineral Reserves total 940.8 million tonnes containing 5.6 billion lbs of copper; 5.7 million oz. of gold 363.5 million lbs of molybdenum and 51.7 million oz. of silver on the basis of drill data up to May 23, 2012;
Within the pit shell there is a total of 171.16 million tonnes of inferred resource grading 0.25% copper, 0.018% molybdenum, 0.164 grams per tonne ('gpt') gold and 1.58 gpt silver which for purposes of this study must be treated as waste rock
LOM average mill feed grades 0.271% copper, 0.191 gpt gold, 1.716 gpt silver, 0.018% molybdenum and a copper equivalent ('CuEq') of 0.441%.
If CXM can replicate what Teck is going to mine ...... hmmmm