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%)
Getting into production is Tecks problem and I fail to see how the 4 years to production affects any factor of a buyout. Once we've been paid for our shares....to be blunt; who cares about production.
Apparently you care about production:
What if Teck backs in for 75% and then elects to shelve this project for a couple years? What happens with our share price then?