Re: Teck's cost per LB.
in response to
by
posted on
Jan 04, 2013 03:50PM
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%)
"..The drills were ready to go in August/Sept. They were sent back for a specific reason, I was told at the time it was expensive to send them out so its better to save the money. That may have been a half-truth..."
I think it's less than half-truth! The drilling expenses would be paid back by TCK in multiples in the end; so why tried to save money for TCK at the expense of CUU shareholders? JMO