Re: Teck Poker
in response to
by
posted on
Jul 31, 2012 12:22PM
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 just don't see TCK being able to bring Schaft to production in 4 years. And TCK won't want that deadline they have to worry about meeting. Too much on the line there. (ABX's Donlin bankable feasibility study deadline is example of why majors don't like these kind of deadlines. They couldn't produce a BFS in time, and lost 50% of Donlin.)"
CUU has also missed the Option Agreement deadline to deliver a completed BFS.