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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: Fair value and delays
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Nov 07, 2012 03:47PM

Nov 07, 2012 03:48PM
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Nov 07, 2012 03:57PM

Or alternatively, as Elmer has mentioned to a few of us, what if the results are just too good to be believable? What if Teck questions the results and demands a second review of them? I think management's strategy is just to prevent just such a thing happening by getting two independant reviews.

We are forgetting that Teck could also hold this thing up by challenging the BFS - then what? Do we comply with Teck's wishes or do we challenge them and take this issue to a court for a judgement and then let the wheels of justice decide our fate. That could take up to a year or more in delays. IMO, I think management understands the stakes involved and has to make ABSOLUTELY sure the BFS is airtight and unchallengeable. If you look at it from this standpoint then these delays, while annoying and frustrating, can be acceptable.

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