Re: Missed Deadline
in response to
by
posted on
Jan 24, 2013 11:31AM
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%)
Another possibility is maybe they are in negotiations with Teck and they have until Feb 4 to finalize them otherwise the BFS gets filed and Teck is put on the clock. It almost seems very odd that the PP was done in a couple days, extensions to options were done etc. etc. House cleaning before something happens... Just speculation. Anyways lets just wait and see what happens tomorrow as they told me Teck would get it by this week.