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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: General Investments
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Mar 05, 2013 08:14AM
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Mar 05, 2013 09:08AM
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Mar 05, 2013 09:10AM

No, they can still definitely sell to another major, but that takes a lot of time. Not the best comparison, but how long has Galore been up on the selling block?

As for Teck not having a partner of their choosing, the new option we're supposed to create that supercedes the 2002 option agreement could easily be negotiated to allow Teck to have say as to who CUU may sell its remaining interest to (Some sort of FROR clause, to some degree). Or they might have something in there that gives them some say and they aren't "forced" into buying SC.

Again, just trying to explore all possibilities.


Mar 05, 2013 09:22AM
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