Re: Not Good - Investorish and al.
in response to
by
posted on
Feb 07, 2013 09:01PM
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%)
I don't think there is any necessity to amend the BFS
The minimum requirements were met
It is simply a negotiation at this point
We know they know the material is there
..but unless Elmer has that tacit agreement that there is no need to spend more money to prove it up, costing Teck the cost X 4, we would be silly not to
Obviously that is going to be the first order of business for whoever is in control of the project
I want to see us get credit it for it
If that means cores must be analyzed, then lets get after it before the 120 days is used up