Re: Both Sides of the Picture
in response to
by
posted on
Feb 12, 2012 12:19AM
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%)
See but 4 years into production, and a buyout are two different things as well.....Im not holding this stock waiting for it to go into production, like everyone here Im waiting for a buyout. to be blunt; who cares about production.
Who cares about the production of Schaft Creek ?? LOL
Maybe you don't , but I'm sure the Koreans, Indians, Chinese do. (you know...all the interested forces that have been calling Elmer)
They are all waiting to see what Teck will take and then will act. 1st come 1st and they won't wait for each other. (competition to grab it first)
* Huge mine life and resource
* Canada
* Fully financed by Teck
Oh and like I said earlier the agreement CUU has control over can be sold to these guys...
(The control we have over the contract and decisions as operator until Teck earns at least 40%. CUU could sell this agreement to a Teck competitor...I don't think that's something Teck would be happy with....)