Re: Update.........
posted on
Nov 11, 2012 03:53PM
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%)
If we hand it in now then yes, we could wait 6 months. We could also take 6 months to get a deal if we get it done by year's end. No real difference there. On Monday they should get an update unless TT is on holidays and in that case Tuesday. This in theory is the final round of examining the findings. If there's no questions the NR will be drafted. If there's still questions this late in the game we will be looking at next year potentially for an answer from Teck.
I like the communication that is coming from the company now even if by emails to questions. At least we are getting the answers. I would like to know the status of the internal review too. We should be able to find out next week.