Re: Investing 101
in response to
by
posted on
Jan 17, 2013 01:02PM
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%)
Teck may have been responsible for the drilling halt but could have changed their minds post BFS.
Is there any evidence to support your assertion that Teck has changed their minds? And if they have changed their minds then they have really put themselves in a pickle and at the mercy of our goodwill by approving the public release of the BFS. Besides that if they were really responsible for us stopping the drills and directing our drill programs then they should really pick up the tab for the infill drilling they want to do.
Nevertheless, I don't think that is the case and we will proceed with handing them the BFS within the next couple of days to get the clock started.