Re: Hard BFS copy to Teck.
in response to
by
posted on
Dec 06, 2012 02:09PM
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%)
If that is the current situation, why would CUU not just release it and force Tecks hand? We owe nothing to them and if Teck feels like challenging part of the contents, then we will give someone else a chance to take us out. At least by releasing it the clock would start for sure.
This is not Tecks first party, and I am sure they know all the tricks to make everything work under their terms and timeline.
In any case, the patient gamblers will win the pot