Reponse to email to CUU
in response to
by
posted on
Mar 20, 2012 01:57PM
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%)
Well then, I just received a pretty condescending phonecall from Jason Shepherd, and the water is still as muddy. I got a great deal of sympathy as to the share price, and a 'gentle' hint that an updated BFS, when it finally comes out, will include the latest resources - isn't that fortunate?, and yes, wasn't it unfortunate that Elmer didn't know until a couple of weeks ago that the verbal exchanges he'd had from Tetra Tech were all b.s. but that he'd responded as quickly as possible by hiring Mr. Gray, and no, it's no use slapping a lawsuit on TT it would just mean having to find another engineering firm and being put to the back of the line there which could possibly mean 1-1/2 years from now for a BFS so they will continue to work closely with TT. And yes, nothing is as simple as it sounds, putting together a mine plan is a very complicated thing even in this day and age of computer cad-cam and mining engineering computer programs; and yes, Mr. Gray is already on site - hand holding TT; and no, none of this has anything to do with Tech, they are in the dark on the BFS but, of course, they know about it all the same, and no, Tech will not buy us out before the hard copy BFS is available.
If any of you would like to contact Jason directly at 1-866-913-1910, or pcg@shaw.ca and see if he would elaborate more - I couldn't get him to respond in writing, I guess he is too busy covering his a$$. I think he deserves a bombardment of phone calls/emails. Thanks, MTS
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Email sent to CUU in the early hours of this morning, wondering if they will answer it:
To CUU Management: To say things went to hell in a
: handbasket on March 19 for the ordinary shareholder is a
: huge understatement. The BFS has been promised for more
: than 15 months if my memory serves me correct, and to read
: that is not ready for Q1, after being delayed from Q4
: 2011, is a kick in the stomach. Senior CUU managment has
: lost a lot of credibility, and I'd like some answers:
:
: Exactly where, in as simple an explanation as possible,
: are things at with the BFS?
: Why, in the last week, has it suddenly been discovered
: that the BFS will be two months behind. Haven't CUU
: management been keeping on top of things like they said
: they were and promising, and promising, and promising the
: Q1 BFS release?
: When was the last time CUU had a high level meeting with
: Tetra Tech?
: What are Mr. Gray's activities?
: How is Mr. Gray maintaining oversight?
: How often will Mr. Gray be reporting to CUU management?
: How can CUU be sure that everything is being carefully scrutinized at TT?
: How can CUU be absolutely sure that TT is still not
: short-staffed and misleading us? This cannot be good
: public relations for Tetra Tech. In fact, I would have
: thought they may just lose a lot of business over their
: incompetence, and a possible lawsuit might not be out of
: the question given the slamming of CUU's stock into the
: ground.
:
: It seems to me that there are extremely
: mysterious reasons for not releasing the Q1 BFS -- so the
: last question -- is the non-release of the BFS in any way
: kowtowing to the wishes of Tech?
:
: As a retired project manager, my job would have been
: forfeit if I'd pulled this stunt on shareholders. And as a
: shareholder of CUU for 3 years now, I would like to have
: these questions answered, please and thank you.