Re: Tsilhqot’in treaty
in response to
by
posted on
Jun 29, 2014 10:38AM
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%)
The relationship is one based on rights and the crown land just became a little more Tahltan land. The reason I bought CUU was because of the relationship and the progressive nature of the Tahltan. As far as a resource development on FN claimed land we are better off than most mines. But there are a lot more reports and reviews that need to be signed off by the Tahltan and the cost of compensation has changed. The Provincial governments hands are tied by these court cases -expect revenue sharing kinda like some more Laird shares. I am not worried but I know we lost a small part of our value.
You gotta wonder where the money is coming from to fund these cases.