Re: The way i see it
in response to
by
posted on
May 31, 2013 08:30PM
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%)
Guilty as charged. And yes, those were good posts. I'm most frustrated with the lack of respect for long term retail investors who are close to the end of the plank but have no unequivacal confirmation that the 120-day clock started ticking on Feb 4 (or earlier). That kills me. To be sure, there's talented posters here, not to mention dogged in their pursuit. I hope there's a pay out for you all ... and soon.
Darpa, IMO, Teck MUST have received detailed accounting of expenditures when they received the Study on Feb. 4, 2013. That is what the Feasibility Notice is. I say Teck must have received this information because these numbers are required in the discussions/negotiations as the back-in decisions is based on percentages of these expenditures. Without these number how can they decide on 20%, 40% or 75%. Therefore, the Feasibility Notice has been served to Teck and 120 days is up on June 4th.
5.4 Upon Salazar completing a Positive Bankable Feasibility Study on the Property, Salazar shall forthwith provide Teck Cominco with written notice (Feasibility Notice) which shall include a copy of said study and statement in reasonable detail (date of invoice, name of supplier, short description of charges and amount of expenditure( showing Expenditures incurred in preparing said study...