Re: Thoughts - those Yummy Gingerbread Liard Shares
in response to
by
posted on
Dec 27, 2012 01:29PM
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%)
McSweep: The 4 year clause is an important aspect of the back-in agreement and would put Teck under a stopwatch to bring the mine to production in 4 years. It was an agreement they freely entered into and you cannot cherry pick the portions of the agreement which work for you and discard the portions that don't.