Re: Hard BFS copy to Teck.
in response to
by
posted on
Dec 06, 2012 01:45PM
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%)
As far as I can surmize Teck is challenging the BFS and that's why it's not done. If they can't agree on it by next week there's little chance of seeing it this year. Teck could make BS excuses about the components but I think it is more the case that we didn't do a good enough job. I'm beginning to think a delay is coming and with it a share price shock. We should be in or near position re-allocation. I'm seeing the opposite.