Re: Teck /CUU agreement and 40%
in response to
by
posted on
Feb 22, 2012 03:08PM
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%)
It is these type of murky interpretations that need to be divined from the 2002 agreement with ambiguities and possible future legal hassles, that lead me to believe they are in the process of redoing it, or they should be.