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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: Annual results anyone?
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Feb 11, 2014 09:10PM
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Feb 12, 2014 01:33AM
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Feb 12, 2014 09:37AM
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Feb 12, 2014 10:19AM
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Feb 12, 2014 11:29AM

Our best chance at getting a decent price in the sale of Schaft Creek will be AFTER the market improves AND when the inferred gets fully drilled and included in the M+I.

I don't accept this premise. I don't see why Teck needs to "fully" drill the inferred and include it in the M&I.

What they need to do is show that the mine pit can be broader and therefore deeper and capture that inferred. Then they need to develop a new mine pit and apply for the EA. Then, of course, they can make a production decision.

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Feb 12, 2014 02:19PM
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Feb 12, 2014 04:05PM
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