Re: Freshening up the cuu pages
in response to
by
posted on
Sep 03, 2012 09:32PM
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%)
"Well, of course, I think they have funding issues this year and can't go to market for more until the feasibility is released...and at this point in the drilling season it is not worth it so they closed camp."
Excuse me if i misunderstood the above statement you made.
My point is that they appear to have no real need to seek market money, and i don't buy that the reason for camp closing is due to saving cost. that to me is a ready made response to the questions Elmer fully expected to come his way.
the more logical explanation (to me) is that they have reached their goals, (satisfied Teck) and to continue past that is clearly a waste of time and money, and overselling. They have turned attention to frying bigger fish, aka getting BFS out and all ducks in a row for the publicity that is about to be heaped upon them.
Something is clearly coming down the pipe here, and the textbook responses from management predicate the calm before the storm that is directly correlated to the magnitude of the fallout.