Re: Year End Financials
in response to
by
posted on
Feb 14, 2013 03:46PM
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%)
Because Feb. is a short month, the 30 days occurs on March 6th
Since Teck has been signing off on the FS all this time and knows everything in it, plus the external and internal reviews have been completed I do not see them rejecting the FS. Therefore the Liard shares should be transferred on time; March 6th. But I can't see Teck wanting that to happen since we could turn around and sell them at anytime. This increases the chance of a formal offer prior to Mar 6th.
But i'm not holding my breath.