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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 bidding on Iron Ore Co and the bigger picture
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Jul 30, 2013 01:31PM

...What I mean is, it's a good thing to see majors starting to spend money again on projects. And it's good to know that Teck has money to spend...

yes but in a 'glass half full' approach, it's also interesting to note the number of majors wanting to divest > of course it could be for a multitude of reasons.

On the other hand a July 25 Rueters article spoke of the worlds largest producing copper mine in Chile commiting several billion dollars for a desalination plant to ensure a much-needed water supply > interestingly is the following from the same article...

..."The Andean nation is seeking to improve results at its huge, aging mines, but declining grades, soaring costs, labor unrest and energy woes could curb its ambitious plans.

Water availability is also an issue. Traditional sources of water, such as rivers and aquifers, are running dry, creating headaches for mines around the world and forcing them to turn to more expensive options, such as desalination plants and sewage treatment works...."

I would think this bodes well for properties like SC and makes it interesting if majors would be willingly to put that kind of additional money in if the mine wasnt already operational. Labor unrest is a growing concern around the world, and in some way can be attributed with so many persons (even in remotest areas) having access to the internet and social media, and seeing for themselves how workers in the developed world are reimbursed, c/w pay, benefits, safety standards, etc.

Any suggestions who we can nominate to spread the word of BC's stability and prosperous mine workers to those impoverished workers elsewhere:)

cheers

jaf

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