Re: ..Who is selling? Question
in response to
by
posted on
Jan 09, 2013 09:52AM
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%)
Actually that link is to Sedar
My understanding is that they must simply expend whichever multiple of incurred cost in mine development in order to earn the specified interest
They need to declare which level of back-in they want within 120 days of BFS delivery, ...a one shot declaration option
Upon delivery of the BFS, Teck must immediately convey their Liard interests in the region
That is a substantial topic that has been kicked around here quite a bit
There is extended discussion of the Liard interests in the cited Salazar agreement