Re: Anyone getting meaningful responses? - Simc1
in response to
by
posted on
Feb 13, 2013 09:53AM
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%)
Sorry, but there is absolutely no reason for us to believe that there is anything but a strict arms length relationship between CUU and Teck
I know we like to romaticize that everything is peaches and cream and things are proceeding swimmingly
..but let me remind everyone that there is absolutely no proof of any of this
And it would appear on the surface that Teck is in violation of the terms of the agreement, stalling for time
...and our share price remains where it would be if we had failed
Which is the correct intertpretation, I might add, until we achieve specific performance on our contract with Teck