Re: BFS Completion
in response to
by
posted on
Dec 01, 2012 01:40PM
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%)
I'm not sure what you're insinuating? They just won't do what they'd be legally obligated to do? They can't just "not accept" things they've already said they have in writing...via legal documents.
As for not seeing the BFS immediately, the BFS in and of it self isn't important. Hold on. Let me explain. What is important is a buyout. An exit strategy. Unlocking the value of our current shares. The BFS, in and of it self is not these things, it is a tool towards these things - and an estimate of how much for these things.
If by not releasing the BFS immediately, we get what we're actually after in an easier, and acceptable buyout in terms of price, so be it.
At the end of the day, none of us REALLY care about the BFS per se, but a liquidity event. The BFS is just how much we should get for our liquidity event, and the tool to obtaining it.