Re: ''bankable''
in response to
by
posted on
Feb 16, 2013 03:17PM
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%)
Or, as Volpino wrote, we could choose to terminate the option with respect to the indirect holding, and not pursue those Liard share
Wait - what does this mean? That we just go ahead and mine it without Teck doing anything/making a decision and they still get paid via Liard?
I didn't think they could do that.