Re: Optimization studies
in response to
by
posted on
Dec 01, 2014 02:21PM
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%)
Here is a question that popped up into my head... Does teck need to spend the rest of the 40million upon production decision and start of mine in order to retain the 25% of schaft creek? what happens if they pass on the production decision do we get the 25% back?