Re: It doesn't make sense
in response to
by
posted on
Nov 14, 2014 01:38AM
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%)
They said they delivered the FS to Teck and that Teck was deciding what to do per the legal contract. Of course documentation is important, but the contract did not call for a notice to be delivered, it did call for the feasibility and the expenses and combined they are referred to as a "feasibility notice." The contract specifies what was to be delivered to Teck to trigger the contract and they were delivered. People can't make up details that they feel are appropriate and then decide they were necessary and somehow it was not delivered.
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I don't like arguing with you Prospekt as you are usually right.
I don't have the technical know how to post this copy of the Salazar agreement here (it is in JPG format), so this link will hopefully suffice:
http://www.siliconinvestor.com/readmsg.aspx?msgid=28868429