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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: Note to Management
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May 28, 2012 06:49PM
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May 28, 2012 08:17PM

May 28, 2012 08:18PM
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May 28, 2012 08:22PM

...and whether it is in the RE or not should be irrelevent in the negotiations

there is a complete awareness by everyone, including TECK, that the silver is, in fact, in the ground and will provide credits in the operation of the mine

the quantity is all that is indeterminable, and those numbers will always be just a shot in time for the RE as more drilling changes everything

so the negitiations will not be based on a line item price for each mineral

they are all there

all that is missing are the Proven, Probable and Inferred breakdowns, and those are never anything but guesses anyway


May 28, 2012 08:38PM
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May 28, 2012 08:52PM
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May 28, 2012 11:37PM
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