Re: Teck -> Rock in a hard place

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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JohnnyAugust

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Re: Teck -> Rock in a hard place

in response to

Re: Teck -> Rock in a hard place

Wings737

posted on Dec 24, 2012 12:19AM

I guess was not 100% understanding the full consequences of Teck not getting the controing interest. After reading your statement again it clicked that if Cuu sold the 25% controlling interest (because Teck could never get the mine up in the timeline per contract) thenTeck could be holding 75% of a resource that the controling 25% gets to decide the fate of.