Re: CUU may be reviewing the BFS?
in response to
by
posted on
Dec 03, 2011 12:29PM
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%)
Dogger, I think others have tried to explain it but here's my offering: when the BFS comes out, it triggers the 120 day period within which Teck has to make a choice as to what it's going to do, but there may be no final price established until the final drill results are in. I think you have a point only if the drill results still have not arrived within the 120 days. Correction welcome.