Re: Year End Financials
in response to
by
posted on
Feb 15, 2013 01:53AM
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%)
How is that working in the CUU shareholder's interest? What if we have to shop around the remaining portion after an earn-in is declared?
If there was so much "assurance" communicated from Teck, why haven't they taken us out by now? Why doesn't CUU management know what is the status of our FS or at least a consistent story on where it is at? It's a slam dunk right? Read that mile long disclaimer in our NR today. Compare it to the disclaimer from the previous NR and the one before that.
I asked Elmer early last month about who decides the drilling. His answer: CUU. Teck just reviews the NR's.