The positives
in response to
by
posted on
Oct 23, 2012 12:10PM
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%)
Focus on the positives in this situation.
1) We know for sure it will have been done right, reviewed every angle by more than 1 company.
2) Let's say it comes out in Nov and Teck takes 60 days...that's more for our TFSA account(s)
3) A buyout in Jan or Feb (if Teck takes 120 days) = we would only need to pay the taxes in Feb 2014...
4) Following the Feasibility and during the 120 day countdown, that EA (Environmental Application) will fall on Teck's lap making their decision that much easier.... Another huge milestone.
5) The majors will take notice...Feasibility + EA