Re: While we wait
in response to
by
posted on
Feb 19, 2012 01:09AM
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%)
You think it will only be us and Teck getting this project into production? Large scale projects like Schaft Creek are typically shared by the mining giants. My prediction is that Teck will buy us out and then sell a percentage to a mining giant. That way capex is shared and the two companies can work to getting us into production.