Re: ..Who is selling? Question
in response to
by
posted on
Jan 09, 2013 01:45PM
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%)
Its weak because it wasnt properly explained...
I don't think so
It is weak, because for whatever reason, management failed to execute on those elements of the exploration process that would have given us a better BFS
These guys aren't newbies
They knew what a 43-101 conforming BFS could and could not show
By opting to not drill the "waste", they knew or should have known what this POS would, look like
I continue to believe (hope) that there was a pre-agreement on how Teck would view that detail
If they play hard ball as a result of BFS optics, our management screwed up...big time
...just sayin...