Re: New buy out / back in pool
in response to
by
posted on
Mar 18, 2013 12:02PM
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%)
Teck uses a 12 year cycle for valuations. The 15 years cited in the contract is not used for their internal calculations. Something to chew on.