Re: VIRC
in response to
by
posted on
Jan 21, 2013 11:23AM
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 think stockfriend mentioned this, that he saw it as a 30day window for teck to make an offer before giving up the liard shares... i have to agree with him... otherwise teck would of already sent us an offer... and IMO i am 99% confident that they want to make a first offer before giving up those shares."
No, Teck would not have made an Offer because they have not officially been delivered the BFS.
"...The conclusions reached in the feasibility study were arrived at by a considerable number of professionals in the mineral resource sector. ..." [per Elmer's email]
With a "considerable number of professionals in the mineral sector" involved in the preparation of the BFS, why should there even be a question whether we have a bankable positive feasibility study or not? With the amount of reviews they claimed to have gone through! Why wasn't every point addressed in the Option Agreement addressed and fulfilled in the BFS?