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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: Re: buy out - silver

Nov 20, 2011 01:59PM
2
Nov 20, 2011 02:45PM

That's a big question. That's why I think Teck will want to break this up and buy us in pieces. It would also give them the upper hand in the price. We want it in 1 go. They will want the first few thousand meters. FRoR will cost them a pretty penny but it's cheaper than buying the whole district. Buying the cream and later trying to reduce the prices for the rest would be typical of Teck.

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