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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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MES
Mar 23, 2012 09:56PM

It's not just Teck, they also need to show their lenders. Teck might be convinced already but if they are hoping that, maybe, CIC, will partner with them and finance the project they need to show them the documents.

Before the last Resource Estimate was released Mike was saying how important it was because Teck would need to take it to get financing. The same holds true now. No matter whether Don Lindsay or Teck is prepared to go forward they still need something official. Maybe it's the next Resource Estimate or maybe the mine plan or the Feasibility.

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Mar 24, 2012 11:28PM
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