Re: Both Sides of the Picture
in response to
by
posted on
Feb 12, 2012 12:25AM
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%)
Make up your mind Rogue...first you come out and say that a producer would be looking for something in poroduction
''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? Its not impossible another producer would still pay for our chunk of this property and be glad they have a 25% interest when it goes into production, but they might also turn their attention elsewhere looking for acquisitions that can be in production by 2017.''
And when I destroy your argument with the 4 year clause you say who cares about production???
'' to be blunt; who cares about production.''
You're starting to sound desperate....