Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 05:08PM
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 know we were told at one point that any production decision, either positive or negative, would require Teck to give us the $20 million but I don't believe it. Even if it were true, Teck could just go on forever on care and maintenance rather than make a decision."
Care and Maintence over the years would get expensive too...