Re: Where is the feasibility study?
posted on
Feb 01, 2013 09:23AM
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 would like a drill program annonuncement also
Don't agree that we should assume a buyout before one is actually announced
...and since we are already on record that the project economics would be significantly enhanced with a relatively small drill program, let's define and announce it
First, it puts Teck on notice that we have the capacity to proceed regardless of what they do here
Second, they know full well that any takeout price for CUU would be significantly firmer with more M&I resources
...and finally, it is a program that will be executed anyway, whether they have elected or not
So let Elmer draw it up..in his spare time