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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: Price drop...
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Jul 22, 2013 04:22PM
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Jul 22, 2013 04:26PM

That's because there is no near-term catalyst. Elmer needs to dig deep and try and find some reason for us to believe that the value will be increasing soon. Even if those drill results are as good as expected they could sink into a void while the RE is being recalculated, or the mine plan is being re-worked.

I'm not sure how much leeway Elmer has to promote the drill results or force the RE to be re-worked and published. He needs something to keep some excitement going, whereas Teck would prefer to work quietly behind the scenes at this time.

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Jul 22, 2013 04:53PM
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T2T
Jul 22, 2013 04:56PM
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Jul 22, 2013 05:06PM
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Jul 22, 2013 06:09PM
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Jul 22, 2013 07:28PM
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