Re: JV Meeting
in response to
by
posted on
Oct 27, 2014 06:13PM
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%)
It's almost a game of chicken, who want to go first basically. Does CUU want to sell sooner? or does Teck want to get into production sooner? (if they do, it make sense for them to get rid of us).