Re: My one concern....question for the board
in response to
by
posted on
Jul 29, 2013 12:48PM
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%)
Those risks are related. If there is no indication that we will get built then there will be very little buying interest in our 25%. What we need is a sign from Teck that they are moving this project forward. The drill program is a good start.