Re: Conversation with Mike Smith
in response to
by
posted on
Mar 19, 2013 02:24PM
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%)
Someone send Mike a link to the Salazar ("underlying") Agreement AND to CUU's own website and point out how often the term "bankable" is used LOL! (insert head shake here).
Seriously, it looks like they are working from a very different script (or no script at all) than the Salazar agreement per se. Any of the gates that we discussed (real or imagined) don't seem to register with management whatsoever (Liard, JV's, 30 days, 120 days, etc). That may well mean that these discussions are more freely ranging than marching down line by line through the Agreement.
The vacations excuse is more than a tad irksome since it was CUU folks that took off on holidays.
Many thanks Liddy for the excellent job of reporting