Re: Just talked to Kathy......generaled...
posted on
Oct 16, 2012 03:34PM
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%)
Speculative: They say they haven't seen the final numbers because they're currently negotiating with Teck and don't want to give the impression that things should be done shortly (which you'd expect if they've seen final numbers).
Realistic: What are considered "final numbers" and what they've seen aren't the same thing. That is, they've seen numbers and are making minor edits from the review process so the numbers aren't "finalized". In fact, they're not finalized until they're totally signed off on and released to the public.