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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: BFS and share price
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Sep 06, 2012 04:29PM
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Sep 06, 2012 05:29PM

Sep 06, 2012 05:30PM
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Sep 06, 2012 06:48PM

The only downside I see is the 4 year clause is a grey area and I confirmed this week, with the office, it's not clear that it can be enforced.

Who did you confirm this with ? Elmer and Mike not in office all week.

We have a public recording of Elmer himself saying the 4 year clause exists. Elmer would not say that on a webcast if he wasn't sure.

''But I'll reiterate , Teck does not have to wait for the Feasibility study and they don't have to wait for the 120 days in order to make their election.''

''Teck will have a 4 year time limit in which to place the mine into commercial production''

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