Re: Investing 101
in response to
by
posted on
Jan 17, 2013 01:39PM
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%)
Interesting point
I agree that the 4 year is not a benefit to us here, but agree with logic of whichever explorer managed to get whichever deep pocket he was dealing with to commit to a time frame to build subject to positive exploration results
As we can certainly appreciate, the tactic of simply outwaiting a junior partner and then offering peanuts, is alive and well in the mining industry
...and your point that agreements pre-dating Salazar may still be extant and not within the power of CUU and Teck to modify is not an angle that had occurrred to me