Re: CUU in the news
in response to
by
posted on
Feb 17, 2015 03:20PM
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%)
...Teck is in fact required to share the optimization results and it is illegal for them to hide said results from us?
Illegal? I doubt it is against the law. We might have cause for a civil suit based on the JV contract.
I don't think the question is whether Teck will share the optimizations results. The question really is, for me anyway, how much of that information will become public, and in what format? In other words, to what extent do the regulations of the 43-101 allow us to publish the results as facts?
Will Teck draw some bottom-line conclusions that can be neatly packaged into a NR, or is there going to be a lot of technical information? Will we be able to extrapolate on that infomation to make simple conclusions?
I'm sure that Teck will put in for the biggest mine possible when they submit the EA.