Re: Indirect Holding is the key
in response to
by
posted on
Mar 23, 2012 01:12PM
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%)
Again my apologies Vette for not being clear. I do not dispute what you say in any way. My reference to speculation is about why CUU would condone delaying a completed Feasibility. I still haven't come up with a reasonable explanation by myself and was wondering can the more knowledgeable posters perhaps speculate. As I appear to have caused some consternation, I will withdraw the question.
Regards
bbay
PS Thanks Webgogs. Just saw your reply. If the reason is as stated, then that is fine. My query was really about the posts concerning Teck delaying the Feasibility. If that was the case, then I wondered why CUU would go along. I would much prefer to just accept your explanation. thanks