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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: Drill program: Opinions
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May 01, 2013 08:15AM
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May 01, 2013 08:27AM

RT I agree 110% with you on this one.

Getting a drill program now before a back in would imo be perceived pretty negatively by the market. Shorters would jump on this and load up since this would give 'em a nice clue as to where we are going (mid to late summer anyone?). IMO this could signal that the June 4th 'deadline' was in fact something of a fictional story brought to us by management and their (voluntary/unvolontary) IR mismanagement. We would probably see some downward pressure on our already beat down sp by shorters and tired longs selling to save what little money is left. Then, we would need 30-50 million $ for a real drilling season (not a half assed one like last summer). Who would pay for this? I think at this point Teck might have decided to let us dig our own grave by us adding 60 to 100 million shares in the bucket.

Of course this is jmoo. Usually if I tell my wife to turn right she'll go left and we'll actually arrive on time to point B. P

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