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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: Brass tacks....
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Apr 24, 2012 10:19PM
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Apr 24, 2012 11:43PM

Apr 25, 2012 12:14AM
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Apr 25, 2012 12:47AM

That's what I've always been told as well. The exit plan has always been to sell whatever remaining percentage we own.

But, we don't have to sell. We can hold on for a better offer if we don't get a fair one from Teck. It seems very unlikely that Teck would announce to the world their intention to earn back 75% and then watch others bid them out of the game. I believe a fair deal will be negotiated with Teck before they delare their intention to earn back. So I'm expecting sometime after RE3, possibly after feasibility, but not after their 120 days are up. So, this year.


Apr 25, 2012 01:09AM
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Apr 25, 2012 09:21AM

Apr 25, 2012 03:37PM
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