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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: Indirect Holding is the key
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Mar 23, 2012 09:56PM
Logically you are correct. Tech has every incentive to just take us out. However, I believe that everyone was blind sided last week by the problems with the mine plan. I think Tech wants to see the mine plan before finaliizing their offer amd CUU wants to see the resource calculations before finalizing negotiations. When both parties get their info., then we will see the takeout. Tech would be irrational to allow publication of the feasabilty before taking us out. I also expect them to try very hard to take us out before the updated resource is published because that could be enough to have other bidders get interested in a hurry. This gives Elmer leverage , which he is obviously using to get all drill holes plus silver included in the resource estimate. Rip
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Mar 24, 2012 11:28PM
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