Re: Cambridge Weekend - Questions
in response to
by
posted on
Jan 19, 2013 12:50PM
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%)
I asked Elmer what the Plan B was in case Teck decided they didn't want to be involved. He said they would hire a company to sell the project. At the same time they would follow the recommendations of the feasibility to improve the numbers by drilling those 10 holes, increase throughput and increase metal recoveries. In other words they just keep moving.
The fact that they extended the options for an entire year from now shows that they are actively working on Plan B just in case.