Re: CUU 's sc true value?
in response to
by
posted on
Jan 14, 2014 11:55PM
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%)
Thanks for the response. That does clear up a lot of the confusion I had on this topic. Your earlier post also did state that it wasn't Salazar but in fact Liard that had the 4 year clause. I noticed that part as I pasted it into the message.
I was dead wrong about the protections being part of the Salazar, and stand corrected.
Am I right to assume that whomever holds the majority of the Liard chooses whether or not to implement the 4 year clause?
Have a good night.