Re: Indirect Holding is the key
in response to
by
posted on
Mar 23, 2012 11:50AM
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%)
Vette, apologies for being so obtuse but I am trying to figure out what you are saying here. You are saying that Teck are delaying the feasibility study so the clock does not start. I appreciate you trying to clarify why CUU would go along with this in the follow up post
What I don't understand is why CUU is cooperating....and there is only 1 reason for that.
but I don't get the one reason. Can you restate this reason for the 'slow on the uptake brigade' (of which I am a founding member..)
On another note, is it actually okay for Teck to delay the FS? I can understand them not wanting the clock to start but surely it is in the best interests of the CUU shareholders for the clock to start. Am I missing something else here? Can the CUU board not be held responsible for not acting in the best interests of their shareholders? My naivity and inexperience of how business is done with the juniors may be showing here. Any clarification would be much appreciated.
Regards
bbay