Re: Jim Gray--Galore Creek
in response to
by
posted on
Sep 23, 2012 08:08PM
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%)
"Also makes cf's 25% a lot more attractive to another major or "the highest bidder". The 4 year clause is the hammer".
Maybe so Foxfan, but it will be a non issue when and if Teck takes it all. I would be surprised if Teck does not take us out, that would put us in PLAY and now Teck could have a 1-2 billion dollar problem driving up our price and dealing with a heavy weight partner who will then be in control till the mine is built. Dont think that is good for Teck and the pressure they can afford $$$ and put Teck under a rigid timetable WITH A BIG VOICE to boot
R