Re: JV Meeting
in response to
by
posted on
Oct 09, 2014 02:45PM
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%)
Reposting Prospekt's post from a few days ago. I feel it's important that we have this JV meeting coming up and it'll show the value of SC.
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?
I feel that after the meeting, CUU will get their own ppl and figure out the value of their 25%. Then they will use the FROR to see if Teck is willing to buy their share. If not, CUU will begin shopping themselves to other parties.