Re: Not Good - Investorish and al.
in response to
by
posted on
Feb 08, 2013 11:47PM
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%)
"At this point there is no way Teck is negotiating with CUU about outright purchase at Schaft Creek, it isn't happening. They are deciding what level they are going to back in or not that is it."
I am hoping so @ 75%. The value of Schaft Creek remaining would increase in value greatly and on Teck's dime as the resource continued developing with the 4 x expenditures agreement.
SF