Re: New buy out / back in pool
in response to
by
posted on
Mar 19, 2013 11:53AM
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%)
Indeed ES did tell Ldubs he had a great plan B ("and if Teck doesn't want us.....well boy...have I got a plan!") .
What that might be is probably next to impossible to tell since Plan A is hard enough to read lol! I suspect that it is something to respond to Teck not earning back more than 40% and no buyout. That might involve a massive drilling programme in our northern properties along the SC Minealized Trend and chaulking up up some drill confirmations of the zones and targets up there. ES has also been indicating a preference for Arizona potential so that might be part of plan B too.