Re: Year End Financials
in response to
by
posted on
Feb 14, 2013 03:54PM
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%)
We can't sell the Liard shares after get them until, Teck decides on the backin.
Teck gets back the same percentage of the Liard shares as they back in for.
E.G. We earn 78%-- they back in for 75%--they get 78%x 75%=58.5%
Cuu keeps the remainder= 19.5% plus the shares we already own- about 1.8%......chunky