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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%)

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Message: Re: Arizona Land
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Aug 25, 2012 03:49PM
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Aug 25, 2012 06:48PM
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Aug 26, 2012 12:45AM

What about the interview where Mike? says he expects Teck to take 20%.

I've never heard him say that and if he did, that's the first time I've heard it. The problem is if management really expects Teck to opt in for 20% why aren't they drilling like crazy to show the other Major players what they have? I would be spending 30+ M to prove up our 80% plus all our 100% owned lands if that is what management really expects to happen. If Mike indeed said that then there is a real disconnect between what they are saying and what they are actually doing. My gut will go with what they are doing rather than what they are saying.

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Aug 26, 2012 10:54AM
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Aug 26, 2012 12:15PM
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