Re: Investing 101
in response to
by
posted on
Jan 17, 2013 01:16PM
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 4 years is academic at this point
As we have discussed, the Salazar agreement stipulates that a new agreement must be prepared superceding the existing document and by implication any terms that need to be adjusted
The 4 year thing, wherever it appears, will no doubt be subject to revision
I assume they will charge teck something for that relief
..of course Elmer did claim ignorance about that paragraph that has been his marching order for all these years
...go figure