Re: So many things don't add up...
posted on
Nov 01, 2012 01:42PM
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%)
Why has the BFS seemingly been "in the bottom of the 9th inning with 2 out and 2 strikes" for weeks/months yet still never gets released?
Anyone care to speculate what the next excuse for not releasing the BFS will be? I'm only being partly sarcastic. CUU is the prominent company of delays.
-So will the next NR say the reviews will take another few weeks?
-BFS is almost complete pending "final" signatures?
-Legal work needs to be completed?
-M.Bender found some inconsistencies?
-Another PP for BFS expenses?
The list could go on and on. Since they said in early Sept. that the BFS was weeks not months from being delivered. I expect it to be a min 2 months, based on their missed targets... so December. However, I would like to have a surprise HALT within the next 2 weeks. If indeed this drags into Dec, then the only thing to reasonably speculate is Teck needs the time to put together the buyout package.