Re: And for those who are NOT interested ....
in response to
by
posted on
Jul 24, 2012 08:17PM
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%)
To sum it up: Teck wouldn't just be buying the remaining 25% of the property, they'd be buying insurance against the remaining 75%, full control and time for 100% of the property (or however much if they do a JV).