Re: JV Meeting
posted on
Oct 27, 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%)
The contract does not require three documents be delivered, it does require two documents: the positive feasibility notice be delivered along with a list of qualified expenses. Those two documents combined constitute the "feasibility notice."
There is not a "feasibility notice" per se, it is just the two documents and it was delivered as noted in a news report.
There is no requirement for a NR to be released stating the "feasibility notice" was delivered because there is no feasibility notice. The contract asks for the feasibility and the expenses to be delivered and they were and there was a NR stating that fact.
Salazar was triggered and we got this result.