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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: How about a nudge from the minority shareholders
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BFS
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Nov 26, 2012 05:01PM

I find myself often agreeing with you Metacomet but I am not in agreement on this thread...

I am not at a point where I am ready to say the peer review is done. I also don't think that any high level discussions have been going on with Teck.

I think that CUU and/or Teck will not be able to do much wheeling and dealing without knowing the final outcome of the BFS. Yes, everyone has a good idea but the BFS would seem to be the one and only reference point they can agree on and use to value the mine.

I can understand the delays with the peer review as that process will be full of time bandits. I also dont' see any reason to think that the peer process found any majour flaws.

All it would take to stop and start re-thinking something would be a difference in professional opinions between two highly qualified professionals on how something (even rather small) should be done or done better. Everyone has to more or less get on the very same page. It would be time consuming enough to have 1 outside peer review of the Tetra Tech document let alone 2 different peer reviews.

I'm as anxious as the next guy but I'm not thinking about lawyers at all at this point.

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