Re: Teck back in or not !
in response to
by
posted on
Jul 24, 2012 12:27PM
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%)
I see CUU's land grabs as insurance against various scenarios of the BFS/earn-in/buyout possibilities. If someone like TCK wants it all, then they should be able to realize a decent gain on the modest investment in those grabs. If TCK just wants the SC deposits and a bit of adjacent lands, and buys those assets from CUU, CUU would be cashed up and ready to explore away on the remaining lands into the future and be a viable Jr (hopefully) with lots to explore.
I agree that the lands outside of the named zones won't be much of boost to the buyout equation unless CUU convincingly demonstrates something is there with the Mira product.