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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: New question
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Jan 29, 2014 03:09PM

Jan 29, 2014 03:32PM

As Golf said, CUU would not be a player and Teck or someone else would take our 25%. I also think that merging both Schaft and Galore would be too expensive of a project even for Teck. My opinion is that Teck will need to be producing something from either Schaft or Galore before they could financially bring the second one into production.

It's pretty safe to assume that Schaft will be the first one to become a mine and Galore will follow once Schaft is up and running. But again I doubt CUU will not be a player in any mining

GLTA

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