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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%)

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Message: Re: And forgot to add:
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Feb 08, 2013 04:52PM
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Feb 08, 2013 05:00PM

"TECK is going to milk it into June if you let them"

I'm thinking you have a point as sad as it is. As others have mentioned I think this will drag on until the EA permits are in.

So that, combined with delays in permitting in Chile and that sort of stuff, means that we're probably looking more closely at acquisition opportunities. But in the end, it's pretty tough to do these things, and the odds are not that high, and it's an odd time in the industry right now, because you can't build anything because you can't get permits, or the market is worried about cost overruns. You can't buy anything, because the market is worried about overpaying. If you're in the mining industry where your assets year after year deplete, that's not really a good formula. So, I think companies to have do something, but it certainly is a very awkward time in the industry from that point of view.

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