Re: Called and spoke to Cathy
in response to
by
posted on
Mar 04, 2013 01:17PM
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%)
She confirmed that the clock started Feb 5th. They did have a 30-day grace period and they could have rejected the FS and it is included in the 120 days. She seems pretty confident this will not happen given it's in a couple of days.
So question for Elmer is :
As per Cathy's comments over the phone , If we hear nothing from Teck before March 7thish does that mean our BFS is deemed accepted by Teck and we ''automatically virtually'' acquired our Liard shares ?