Re: Over Investd?
in response to
by
posted on
Nov 14, 2012 12:03AM
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%)
Hey Dogger, sounds like ridiculous speculation that's baseless and has no evidence for it (even far fetched evidence). In fact there's plenty reason to think that didn't happen. The biggest being why would TT take the wrap for something like that? In fact TT's recent financials have even shown they've had a lot of backlog. It's a big project. It took longer than projected and TT being understaffed (people hired away) and probably under qualified (again the good engineers hired away) so that when they saw it last year it just wasn't up to par to their expectations. They have one shot at releasing it can't give a bad one and then an updated one later because of the contract with Teck. With the poor estimates in the sector (look at baja) they need to make it right, and right the first time. The delays make sense to me because of size and TT having talent taken away. That said the last 2 months (late summer) delay and review time make less sense to me. That portion may very well be related to Teck.
That is ridiculous...I agree, just have`in a little fun....Lighten up the tention hear.
The problem I have with TT, is.....everything was on cue.....many on this board including me had phoned...even publicly was said..." we are still on time"......Then BAM!!!! somehow, with in 1 week of being completed....And I must also add that CUU had stated that they were allways in contact with TT on a regular basis.....how with in 1 week on the BFS....supposed release date . TT says they are undermand....and will not complete the BFS at that date. So now you`d think that....(OK, we should have the BFS say 1 extra week or even a month). Now the time has really gone by. Hummm?
I should add....I think Elmer needs to take his time...DO IT RIGHT....I have spoke to him many times....I spoke to Elmer just 2 weeks ago about the shipping facility? SO I do get anzty a bit....but I remind mayself all the time why I bought this. I am in this for the long haul, P.S.....I did put down the BFS would come out mid November....who knows my guess just might be right.