Re: What happens if Teck doesn't accept the FS as bankable?
in response to
by
posted on
Feb 05, 2013 09:59PM
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%)
"If Teck says that this feasibility is not acceptable as a Bankable Feasibility then we would be required to improve it somehow."
Not sure if I would concur
I don't believe we have any requirement to do anything more to satisfy Teck
We have met the standard set forth in Salazar
If Teck is not satisfied or does not wish to proceed, they tell us and we sell what we have to someone else
That would be 94% of the greenfield Schaft Creek mine in British Columbia, Canada