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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: cbew
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I HAVE READ MANY POSTS STATING THE PRICE WILL BE BASED ON WHAT THE ORE BODY IS WORTH....I HAVE A DIFFERENT POINT OF VIEW......I THINK THAT TECK WILL BE PAYING A SUBSTANTIAL PREMIUM ......IN THE RANGE OF THREE TO FOUR TIMES TODAYS PRICE....BETWEEN 4...5..DOLLARS....REMEMBER...TECK DOES NOT WANT A 25 PERCENT POSITION RUNNING THE SHOW.....

There has been quite a few posts that are saying the same thing:

"If Teck backs in for 75% CUU will remain the operator" ................ this is not correct.

With 75% Teck will be the operator.


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