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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%)

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Message: Re: Was this discussed?
18
Mar 03, 2013 12:57AM

Why would CUU allow these statements to remain in the FS after reviewing the draft?

I'm not sure they did review the draft. I heard they reviewed all the Appendices, or reports that combined to form the feasibility. I remember Lynn telling me in the week before the feasibility was published that Teck was calling her anxious to get a look at the feasibility.

...is triggered upon delivery of this feasibility study to Teck.

It's interesting that this statement is in the introduction to the feasibility. I tend to believe that they thought this was what was going to happen, and after delivery learned that Teck believed they had 30 days? It's not really clear, of course, what is going on. I don't understand why they can't make this clear to the shareholders. Maybe someone could ask at PDAC? Ask why they can't tell us, if they won't.

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