Re: Both Sides of the Picture
in response to
by
posted on
Feb 11, 2012 02:57PM
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%)
When Elmer determines what we need to do for this year we will see more of this. However, the only pp'ing required right now is to buy land and pay for permits, studies and legal. They have not finalized the years plans and I think this is because things are fluid right now. I do believe they want to be able to help Teck should a hostile offer for Teck occur. I've been tracking this issue for a long time. Last year they felt safe. This year, not so safe. I think Teck has other deals in the works too and could bloat up to nearly double if they felt the need.
Webgogs, do you still expect another PP for $4 million?
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