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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: Buy out

Sep 28, 2012 03:17PM

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Sep 28, 2012 04:16PM

I asked Elmer what he would do if he were Teck........He said it would definately be smart to buy the whole "district" along with Schaft Creek. So backing in is not on his mind really, imo.

As for other majors making a move before Teck.....highly unlikely. There are majors and mid-tier major producers (for our 25% IF it does happen) that are waiting on the sidelines as Vette has mentioned in the past. Elmer called it "kicking tires"...lol......Also, they are waiting to see what decision Teck makes.

Exciting times......I wish I could be a fly in Don Lindsay's office..lol


Sep 28, 2012 07:49PM

Sep 28, 2012 08:24PM
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