Re: Just talked to Kathy at CUU Calgary Office/Liddy
in response to
by
posted on
Oct 16, 2012 04:04PM
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%)
"Awhile ago I spoke with Mike and he seemed to indicate that Teck would like to see how the market reacts to the feasibility. I don't think the stock price is going to shoot out of control when the feasibility is released so they are probably safe from it soaring above the fair value."
Then we should go ahead and release the BFS asap. This would also start the 120 day clock for Tech.
Whatever happened to the analogy Elmer made... that we were in the 9th Inning, 2 men out and third man on 3rd base ready to hit a home run? That was said about a month ago or more. The poor 3rd baseman must be dead caused by severe cramps being in position, heat stroke from summer and now night chills from Fall. (sacrcasm due to frustration). I don't think Elmer would have described something so convincing if he had not seen the final numbers.