Re: CUU in the news
in response to
by
posted on
Feb 17, 2015 12:41PM
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%)
I see where ya all are going with this.
Lets not forget, that when Teck submits the tonnage for the mine. They'll want to do it where they can achieve that goal.
We have had many talks about how Teck can increase the tonnage at a later date but then you get into another whole can of worms and another FS study to do it.
So is this just speculation that Teck is doing this for quicker pay back or is this the numbers that Teck will use.
Furthermore, what will it benift "us"....."we" the shareholders if Teck wants to improve thier payback?
This is all about "our" value.
Unless we never expect to sell and follow Teck threw the whole process.