Re: Cambridge Weekend - Questions
in response to
by
posted on
Jan 19, 2013 01:32PM
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 guess your right thou prospekt that Elmer would hire someone top sell this....but that would not make sense why would not have drilled the 10 holes to begin with?
This is the big disappointment of the feasibility. I have to assume that they did not know this would be a problem while heading into the summer drilling season, and they clearly did not think they had time to drill and then incorporate the results into the feasibility. By the time they knew the situation, they must have just decided to produce the feasibilty and get Teck on the clock.
Apparently they have had calls of interest over the years, but it is a very time-consuming job to do a thorough due diligence and costly so it is unlikely any company would start the process until Teck makes their decision.