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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%)

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Message: Re: Reds a good color....
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Mar 22, 2012 01:29PM
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Mar 22, 2012 03:26PM

All scenarios are assuming they back in for 75%

Ok they back in for 75%:

* So we get the voting shares and control until Teck earn in

* They must finance 100% to production and do it under 4 years

* They must spend the expenditures

We would not have trouble at all finding someone that wants that 25%

Did you already forget the Quellaveco deal...

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=145579&sn=Detail&pid=102055

Mitsubishi Corp buys 18% of Peru copper project

Mitsubishi outbid fellow Japanese firms to buy an 18% stake in the Quellaveco copper project in Peru - in a deal estimated between $760 million and $890 million.

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