Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 02:53PM
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%)
As per Elmer, "Why sell now before Teck is done optimizing Schaft Creek" We will be worth more after this process is complete and then we can put a For Sale sign for our 25%. Don't forget who ever buys our 25%. Teck will have to still cover the expenses for schaft Creek.