Re: Dissapointing
in response to
by
posted on
Jun 06, 2012 02:02PM
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%)
Good analysis. That is exactly my thoughts too foxy! IMHO, I think a deal is done already and we are just waiting for near completion of the FS so Teck can show it to its BOD. Elmer has to continue to show his poker face and pretend its business as usual and continue as if Teck has not made its decision. But the big tip off, imho, is the fact that we don't seem to be in a rush to do more drilling. As ES mentioned, further drilling may not be done until year end and even later in 2013?? Why waste a season of drilling if a deal was not in the works? If Teck has not comitted yet I would not be wasting time to get more drilling done to prove up more resources! That would be priority number 1 to get Teck interested but the fact that we do not even have a drill plan yet at this stage says volumes. We don't need it if were being bought out at a good price :)!!