Re: CUU may be reviewing the BFS?
in response to
by
posted on
Dec 03, 2011 12:47AM
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%)
thats the thing CG, why would Teck want to review them?
Im sure that Teck has guys to look at CUU every step of the way. They know whats their as well as we do, But , without hav`in it down on paper. Means nothing.
Once Teck backs in, then I would think it wouldn`t matter how many drills we have coming in or what they say.
Teck would just say look, were opting to back in, we looked at the BFS and agree with them, because the drill results came in 2 months or what ever the time frame. Teck would say that wasnt in the BFS so how can we do anything now. Which may lead to leagal action,because of slooooow drill results.
Therefore I think the BFS needs to be delayed until we get all the information.
I too agree that Teck and CUU are reviewing the BFS. Without the latest core samples, we could potentially loosing millions of dollars. It could show anouther Shaft Creek