Re: What happens if Teck doesn't accept the FS as bankable?
in response to
by
posted on
Feb 05, 2013 10:01PM
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 have met the standard set forth in Salazar
No, we haven't. That's the point. We didn't make it to a positive NPV at 12% so Teck has to agree or we keep going.