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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: teck options
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Mar 30, 2013 11:19PM

They would have foregone their FROR?

Yes, they would have. That's why I think they have to analyze it through the coming drilling season and estimate the results, while remaining cautious. Tricky.

I suspect that's why Elmer is saying that he thinks they'll take all or nothing.

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