Re: Partner probably funding the whole thing?
in response to
by
posted on
Jan 03, 2013 02:52PM
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%)
Exactly. That's why they will be paying for the potential, which I'm guessing is already partially supported by the mapping Teck will have seen. The BFS was only ever about the starting position, and providing a solid economic base to finance a mine.