Re: Question about Andean Takeover
in response to
by
posted on
May 30, 2012 04:38PM
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%)
Thanks all for the posts. Is it still realistically possible to expect a buy-out before year-end?
Of course...sooner imo.
Here is the 1 man who has all the votes...
http://mininghalloffame.ca/inductees/j-l/dr._norman_b._keevil1
According to Keevil, there are three things necessary to build a successful mining company: good orebodies, the financial capital to develop them, and good people.
Keevil is a shrewd deal-maker with an uncanny ability to recognize emerging situations in their early stages,
For decades, Norman Keevil has had the reputation of dealing fairly with prospectors and junior mining companies. His pursuit of win-win scenarios has made Teck the “Partner of Choice” for many of them.
The richness of Schaft Creek’s copper grade is “pretty dramatic,” Dr. Keevil Jr. says. Despite the high cost, the development date probably would be earlier if there were power in the are, he adds. However, hopes for a new B.C, Hydro plant near the site so far are just that – hopes.