Re: What is up with all the conspiracy theories?
in response to
by
posted on
Feb 06, 2013 12:35AM
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%)
Holding Teck's feet to the fire is no way to negotiate at the beginning of a discussion. CUU has the contractual agreement to turn the screws as needed but it's not necessary to commence from this position.
That`s exactly my thinking. If both parties are negotiating in good faith there is no need to wave the 120 day clause in Teck`s face, nor demand that the Liard shares be handed over asap. I am sure Teck is aware of these conditions and do not need to be reminded.
As for Teck pulling a fast one on us by declaring that the BFS didn`t meet their criteria how would that make them look to other juniors they have partnerships with? What kind of message would that send to them? It would tell them don`t do business with us because we will screw you with our legal loopholes. I don`t think Teck wants to jeopordize their working relationships with other partners now nor in the future. We acted in good faith by accepting Teck`s advice and guidance in producing this BFS and so should Teck also respond in kind. Quid pro quo.