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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: The Delay
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Mar 23, 2012 11:25AM
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Mar 23, 2012 01:20PM
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Mar 23, 2012 01:28PM
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Mar 23, 2012 02:15PM
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Mar 23, 2012 02:19PM

Agree with cbew here. No way TT was leading Elmer astray about progress. Similarly, no way Elmer had his head in the sand and wasn't on top of things as a CEO should be.

No way could Elmer be sucker punched by a TT revelation 10 days or so before he had repeatedly reiterated the maximum date for completion of the FS.

It had to be very close to on schedule. Then bam ... all of a sudden we need a few months.

Come on ... it doesn't make sense ... things don't add up.

I think it's weak to think Elmer was as surprised as we were, or that TT is that unprofessional and irresponsible in their duty to give accurate progress reports.

Elmer needed to delay, and manpower shortage was the least damning excuse.

More is going on. More time is always needed when bigger and more complicated things need to be worked out.

The delay and the inclusion of Mr. Gray was needed to sort it all out and ensure that a good representative value of the resource was laid out, and effective costs to bring a mine on board are calculated accordingly.

And if Elmer thinks he can add 10 billion then maybe Teck wants time to bear that fruit.

Thats a game changer for sure.

Let them do their stuff behind the scenes.

None of it really matters if you stay the course.

The delay is frustrating but real good.

We get paid eventually.

Holding on a little longer means that we paid more.

Simple, in my opinion.

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Mar 23, 2012 04:40PM
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Mar 23, 2012 06:33PM
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MES
Mar 23, 2012 10:04PM
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Mar 24, 2012 12:11PM
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Mar 24, 2012 12:37PM

Mar 24, 2012 02:00PM

Mar 24, 2012 02:46PM
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