Re: ''bankable''
in response to
by
posted on
Feb 16, 2013 11:59AM
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%)
If they found a flaw CUU would have 30 days to come up with a remedy. The remedy could take a couple of months to enact but that would satisfy the contract.
Wouldn't they have forever to come up with a remedy? The contract just stays in effect until a PBFS is delivered.