Re: VETTES PREVIOUS TALK WITH ELMER
in response to
by
posted on
Feb 23, 2013 08:43PM
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 a drill program is announced, I would not be too concerned. Because until Teck announces a final decision, CUU must move forward as an exploration company. That is their foremost role.
My current concern is about the word "development" of SC in the NR. What does that mean? Could it mean more than a drill program? But no real answers until after Mar 6th.