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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: BFS Completion
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Dec 01, 2012 03:31PM

Prospekt - A great explanation of the Liard shares. Clear and concise. Thank you

You're welcome, but they were Mike Smith's words not mine.

What I should add is that we own 1.5% of Liard shares on our own independent of the Teck Agreement shares that are up for grabs. If Teck were to buy us out they would have to buy that portion for whatever market value of 1.5% of the indirect interest interest in Schaft Creek would amount to. Probably that would be quite a lot of money over the years.

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