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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: Teck's flying this morning

Sep 07, 2012 11:33AM

Sep 07, 2012 11:36AM
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Sep 09, 2012 12:06PM

And before undercover bashers try anything here...

Listen to this and start at 3:28

http://www.youtube.com/watch?v=50r8-Rh4acU

''Trying to reduce our capital cost or keep them im the range of 2008, we think we're going to be able to do that''

* 3 year high grade starter pit = pay out the capital investment as fast as possible

* Increase daily mil capacity 120 thousand tonnes per day to 180.

* get the pay back period down as quickly as we possibly can

Shaft is cleaner, has no moly, no tunnel cost, no fish issues, no waste, no Alaskan environmentalist.

Note, Teck is still putting money into Galore..that's a good sign.

And the main point here is Teck can get 75% of this much superior project (in every sense) for 320 million (80mx4), and since 240million is Teck's, they're getting 75% for 80million.

Done deal. (they just need tp get rid of CUU: 4 year clause, financing, voting shares)

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