Re: some numbers/cbew
in response to
by
posted on
Jan 26, 2013 05:05PM
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%)
We've got conflicting information from what I understand.
We have reports from people that Mike has said that, paraphrasing, Teck will recieve the full report (all several thousand pages). This makes sense in that...if they're going to be the ones building it, they should see it as in as much detail as possible. Especially since we've "been working with Teck" the whole time, they shouldn't need a summary.
However, we have the full document finished. So send that to them... What are we waiting on? We're told that we need to file it to SEDAR first. We need a condensed version. This might either be because it's smoke and mirrors and a diversion - or that they want all investors to be able to see the report before they give Teck notice. Considering that they don't seen to have cared about what we think for a while now, I don't imagine transparancy is the reason for delaying starting the clock and giving notice. It doesn't make sense to give them a summary report.
But I don't see them being in negotiations with the recent selling from DM. As far as I know we also haven't retained anyone to do any evaluation of offers which management has said we would have. I'm not shocked that they'll probably take the full time to release it on SEDAR, but I can't figure out why - and am not sure the board has a consensus either.