Re: Perfect Storm
in response to
by
posted on
Jan 14, 2012 10:40PM
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%)
Well, it is worrisome. We are building the Feasibility on old data, and as you say, excluding the silver. But the silver isn't the big problem, it is that we have increased the grades now and we've pushed the starter pit out in two directions. This should add considerable value to the project but it won't show up.
Maybe retail investors will fail to understand the true value but the big investors will understand. Teck certainly would understand. We just have to get a response from Teck and then the market will catch up if it needs to.