Re: ''bankable''
posted on
Feb 15, 2013 01:14PM
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%)
My choice is either they will back in with a partner. Or get a partner lined up and then buy this outright. I have believed for some time that Teck knows whats there. They are not worried about how much is there. They know as well and as much as Elmer does, it's good. But there may be reason for a partner as in a possible zone with high level of a mineral that Teck doesn't specialize in. I know that this point had been raised by a poster here last year when the delays were really getting going. JMO