Re: Indirect Holding is the key
in response to
by
posted on
Mar 23, 2012 04:36PM
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%)
As someone from CUU management told a poster here, you could drive a truck through it, or words to that ffect
I believe it was "shoot a cannon ball through it". Although its nice to see how this board has confirmed how the contract will work when even management says things like this.
The agrrement itself is full of ambiguities and provides for unrealistic scenarios
Agreed
There are situations that simply will not hold up and neither party is particularly anxious to test any of it in court
The 4 year clause? Read through that contract over and over....its nowhere in there and to this day no one has been able to provide a piece of documentation. I think maybe Ill call management and see what their thoughts on this are.
So another factor that informs as to why the BFS would be delayed is that the delivery would start the process on an agreement that is totally inadequate for the project that has evolved since the agreement was originally drawn
This is logical...personally I feel the delay was more a matter of the amount of data and can see Tetra Tech dropping the ball......management would not have passed the buck like that in a news release if it were untrue...it would open them up quite nicely for lawsuits if Tetra Tech chose.
Just my opinions,
Rogue,