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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: Starter Pit by thechipsareallin
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Dec 04, 2011 09:29PM
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Dec 04, 2011 10:30PM

I just had that thought....Ernesto thinks TECK take 75% back in on Positive BFS which this PP clearly states the funds to be used for BFS....

Here are tghe total expenditures as of July 31st:

To July 31, 2011, the Company has spent approximately $63.6 million of qualifying expenditures toward the feasibility study.

***That was 5 months ago..

Since then, we've had 4 drills turning the whole time, more admin expenses, 10 million in PP (sept - today), Port of Stewart deal, more land acquisition sept 23rd, Titan, and assays.....+ Feasibility expenses and legal fees etc..

How high will the qualifying expenditures go.....And Teck must pay 4x and spend that money under a certain time frame to earn it's interest.

Or Teck just buys us out and we forget about all that paper work lol..

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