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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: Liard Share/simc
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Jan 10, 2014 05:59PM

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I don't mean to say our 25% is worthless. It is certainly worth a lot, and will be worth a lot more when metals appreciate and the closer we get to production. What I say is that Teck got 75% for next to nothing, why would they spend a huge amount of millions for our 25%, they don't need it at all cost. I think when we will be able to sell this, Teck won't do everything they can to buy this out, unless the price is quite fair in their eyes...

So can we shop now for our 25% ? probably. would the price be good? probably not. I guess next step is we wait and wait some more

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