Re: Semi-OT: INK Research on Teck and Mining Overview
in response to
by
posted on
Sep 28, 2014 07:46PM
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%)
They haven't signed the facilities agreement yet, that we know about anyway. The timeline of 6 months to 3 years begins after they sign that agreement with BC Hydro.
They should have completed the Facilities Study Agreement and presented it to Teck. We're now in the period of presentation, review and acceptance of the Study. You would think there would be a set period that the details from the Facilities Study Agreement remained valid in which Teck had to determine whether to move forward or not. I don't recall hearing anything about a timeline at this stage except for when Elmer told someone that BC Hydro would wait for us. It is kind of vague.