Re: I visited the CUU booth at PDAC today but…
posted on
Mar 05, 2013 03:06PM
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%)
I am left with much the same conclusion as you Golf. Either CUU seems to be so far off the planned script that they are making it up as they go without a clue or everything is up in the air due to ongoing 'discussions' about the next steps that there isn't one simple 'truth' to share with us at the moment and that we'll only get a clear and final NR when all is said and done.
How could Mike say that about Liard shares? Really? He reminds me of Joe Biden some times. Liard has a 30% NPI in Schaft and Teck owes us 78% of those Liard shares. A while back we figured that the total Liard shares were valued at over $40M based on that purchase from Ms. Dunn way back when. Me thinks those shares are important. Why the run around with the answer to where these are and when we get them?
I want some clear clarification when the 30 days is up.
Call Kathy again and see if she thinks those shares aren't important.