Re: So much for those who say CUU always sells off on news....not so
posted on
Sep 12, 2014 04:22PM
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%)
incorrect, I was provided a half azzed unexplained answer by David McDonald who couldn't get into any detail about it. I took it to mean if Teck said no mine, the Laird partners would band together and force them to.
There is nothing in the JV contract about the Laird partners being able to force Teck to build a mine or any other requirement for them to proceed. That was clear.