Re: NEWS!!!
posted on
Apr 08, 2015 03:50PM
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%)
No no no, here we go again with a complete misrepresentation of the facts. How many times do I need to explain this and get no rebuttals?
They gave up 75% of a worthless deposit for around $44 million. That's right, thats what CF gets if SC is worthless.
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If you are laying out facts, can you explain once more how we get $44 million if Teck decides to not proceed?
I thought it was closer to 20 million, but if it is actually 44 I would be happy to be corrected.
We all know that SC is certainly not worthless or moose pature even without Teck and owning 100% of it (and the Liard shares) would not equate anywhere near a worthless position IMHO.
I guess it depends where we think the value lies - in the property or in the JV partner. I think there is value from both of them personally.