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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: Liquidity event etc.

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Jul 20, 2012 04:33PM
Here's a question: if others are interested in making an offer for our 25% and make a proposal upon a teck offer, can teck make their backin conditional on us selling them our 25%? What I am getting at is that company x may want to get part of the pie (our piece) without having to take on the whole project and the major financing to do that. On a teck back in, company x may want to be in a JV with teck by taking our 25%. If we were to go with that proposal, could teck then say that they will not back in?

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