Re: Pressure
in response to
by
posted on
Aug 26, 2012 02:18PM
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%)
It seems to indicate that Teck values the role of operator, and there's only one way to become operator of our project and that is a complete buyout.
I think you hit the nail right on the head Prospekt. On another note, since these delays have occured who has benefited or rather should I say what has this allowed Teck to do? They have been able to stake all around SC and they have also been able to put themselves in a better financial condition for a big purchase ( filing of a propectus to raise 6B, reducing their commitment in other projects ). Are these actions coincidences? I don't believe in coincidences.
I would say that Teck is now in a better position than some of its competitors to pounce on opportunities should they arise...and they of course can thank our misfortunate delays which were not part of any agreement... LOL