Re: News release offering 2.2 million. Ee backing it up
in response to
by
posted on
Jan 18, 2012 03:51PM
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%)
PP's closed since Oct 2011
Closed Oct 3 $5M (announced Sept 7 & 12th)
Closed Nov 1 $2M (announced Oct 18th)
Closed Dec 14 $4m (announced Dec 5 & Nov 17th)
announced today $2.2M.... probably will be closed in weeks.
$13.2M since Oct. How much does a BFS cost, that any incremental amounts are in the millions? Addiontional property or NSR (i.e. corporate activities) make more sense to me. I believe that both do not qualify as expenditures under the Teck earn-in agreement.
glta