JV Meeting
in response to
by
posted on
Oct 07, 2014 11:56AM
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%)
Sometime over the next 2 weeks we should see a JV meeting. it was held up for a month so they could include the results of the optimization study Teck prepared over the summer.
We know there's new information, otherwise the meeting would have occured on time.
If the new info has the beneficial effect I'm hoping for, and the cost of producing all the metals is reduced in a meaningful way, we may have a new begining. it could be a turning point.
I believe the JV meeting is scheduled for October 15.
I'm looking for one of three things, in order of preference:
1. Buyout offer,
2. Production decision,
3. EA application.
The optimization results would be great but I'm not sure they are enough. I don't know what other work Teck has to do before they make a decision. After optimization they usually enter the production period, and exit the exploration, or what?