Re: Indirect Holding is the key
in response to
by
posted on
Mar 23, 2012 12:21PM
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%)
But, my question is still valid. Why would CUU go along with the delay?
Ahhhh....that's the 5 Billion dollar question and maybe answer.....lol
1 thing is for sure, the Feasibility can't ever be released so that the Liard interest is not transfered.
This is BIG money, a massive project and requires long and complicated negotiations. That is why Feasibility is delayed.
CUU has all the cards in their hands :
* NSR
* Extra Liard shares they bought
* Mess Creek 100% CUU's (Teck needs the road access)
* Extra land
* Teck agreement (expenditures, 4 year clause, 100% financing to production, Teck must earn in or loses it all)
* Reserved Port
* Tahltan is on CUU's side
* Resource Etsimate, drilling data, etc.. and Feasibility
CUU has accomplished their share of the agreement and have all the cards in hand.....
So now it's time to talk.