Re: some numbers/cbew
in response to
by
posted on
Jan 26, 2013 09:21PM
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%)
They don't need the official BFS to act they have the summary from our news release?
Apparently Teck have reviewed the Appendices that feed into the feasibility but have not had the feasibility itself. They have had access to the raw data that they downloaded in the summer and were able to do their own work using that information but haven't seen what TT has done yet. When I spoke with Lynn fairly recently she said Teck were keen to get the feasibility document to review it. So, it appears they do need to see it.
I also think they would need that document in order to secure funding or arrange a partnership if that is the direction they are going.
Until the feasibility is published the document isn't finalized. They can't give it to Teck in its final form without putting it on SEDAR because it is material information. They can't put it on SEDAR until they have the condensed version. So we wait.