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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%)

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Message: Re: Worst Case Scenario
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Oct 13, 2014 12:36AM
This is how I see it. Question is whether teck is interested in having Schaft creek as a producing mine in their portfolio? If you think teck will bring sc into production one day, its best for them to get rid of us. Any delay in this jv will do them more harm than good. Remember. Teck needs to spend money on this project each year. They have to keep creating value in this asset. Any delays will improve the value of our 25% share. It's best for them to get rid of us. Improve it further. Sell off percentages of the project and remain as operator.
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