Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 04:43PM
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%)
Thanks for the link Kinte.
I re-read it and still don't see where we would get $44 million if Teck does not proceed. I don't see us seeing any further cash from Teck without a production decision, but if I understand what Golf posted - we are to see approx another 20 million in cash even if Teck backs out or shelves?
That is what I'm looking for an explaination on. I can't find that anywhere, but would love to see that shown to be correct.
I DO understand there is cash and credits plus financing that we benefit from with the JV post production decision. That has been explained in detail and I now buy into the value there and agree with most here on that topic.
I don't agree the property is worthless without Teck.
I agree with Linsicle that 100% of SC without Teck (and Teck's Liard shares) is likely worth more than 25% of a JV partnered project with Teck (without a production decision).
The ~$90 million spent proves the value even without the waste being looked at. A whole new ballgame if the waste was proven up too.