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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%)

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Message: Re: Waste Rock
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Feb 04, 2013 06:41PM

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Feb 04, 2013 08:29PM

We could take it at face value. They didn't think it would be worth drilling and dilluting shareholders (that was their answer) for drilling, didn't get a greenlight from Teck - but thought they could negotiate it as if it were the case and present it as such on their own. I'm not saying I 100% believe this, but I don't see why this isn't just as possible - it's just not what most of us want to hear/believe. It doesn't necessarily hurt the end result if they do accept it - but didn't okay it from the start.

Also - I'm actually not sure the drills that we brought back were meant for the infill drilling but were supposed to be used somewhere else. I think Chappy or Prospekt said so (though I don't recall and can't confirm). If they weren't meant for the infilling the drills being brought back or not would not have had any impact on the BFS.

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