Re: Teck back in or not !
in response to
by
posted on
Jul 24, 2012 10:15AM
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%)
For decades Teck has held SC and has done little or next to nothing with it except option it out to juniors to explore further. Then within one day, right out of the blue, they stake thousands of hectares right around SC. If that is not a clear signal of their intentions I don't know what is. Its interesting this staking also occured right around the time CUU completed the titans, aerial surveys and also drill results in the Paramount Zone. Coincidence? I don't believe in them.