Re: Optimization studies
posted on
Dec 02, 2014 11:25AM
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%)
oh, so much speculation - but hey, what else is there to do at this time.
I too like many posters am concerned about CUU spending money on other properties during these troubling times, and while I have my thoughts why they did:
- CUU is an exploration company, and EE, from what I recall, is active in many other juniors
- they commited to these other properties expecting a Teck buy-out decision
- they commited to these properties anticipating Teck may delay any CUU decision; therefore realizing they need to build equity in anticipation of this decision
Who really knows - however I stick by my earlier forecast that Teck will be submitting a EA to the provincial and federal governments for a 'hopeful' approval before next federal election 2015. But then again, maybe it's just a wish, as I'm not sure how long the process takes, and it seems that time is moving along without any haste.
sigh.
jaf.