Re: The Contract
in response to
by
posted on
Feb 13, 2013 03:30PM
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%)
Teck does not have an option to not form a JV with CUU (or assigns) if they want to stay in the project (without a buyout)
Unless CUU let's them...and CUU may not want to negotiate a JV because we don't want a JV, we want a buyout.