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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: Help Please
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Jun 02, 2012 03:04AM
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Jun 02, 2012 11:13AM
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Jun 02, 2012 11:25AM
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Jun 02, 2012 12:43PM

If I were Don Lindsey that's what I would do.

Correction...if you were Norman B Keevil...

Norman Keevil is the Executive Chairman of Teck, and the only guy who holds Teck class A shares. Even Don Lindsay doesn't own Teck A shares.

Keevil Holdings (owned by Norman Keevil) holds 51% of Temagami Holdings

Temagami Holdings own 45.97% of all Teck A shares.

Keevil Holdings also owns 51% of SMM Resources, a wholly owned subsidiary of Sumimoto Metal....Sumimoto owns the other 49% of Temagami.....

Each Teck A share = 100 votes

Each Teck B share = 1 vote

1 man holds the majority of the Teck A shares.

And Schaft Creek has been one of his babies since 1979....

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.

He loved it then, imagine today with the NTL....

No wonder :

* Teck recently bought 80,000 hectares

* That CUU is buying all that land

* that CUU has reserved shipping port so early in the game

* That Elmer was invited by Teck / Keevil...to the Liard board.

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