Re: Drilling and Blackout:
posted on
Sep 14, 2012 06:52PM
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%)
You hit the nail right on the head Chunky. That is the only thing that makes sense as to why they sent the drills back and letting a whole season go by without even touching the other prospective areas. Deal is back on and if not , I think Teck would be making a big mistake if it allows this to slip thru their fingers.
With QE3 on and central banks all around the world massively printing we are going to get a huge upward move in precious and base metal prices in the not to distant future. If mining companies don't pay up now for good quality assets they are going to pay dearly more in the future to acquire them. And if Teck doesn't step up other Majors that understand this new paradigm shift will.