Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 05:09PM
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%)
Agree, that should be the 4million. Is that not something we recieved already though, so that is the ~24mil we have already got from them. There is only 40mil potential payments left, and if Teck stops tomorrow as I understand that we will never see that money.
As for the spending this year, you can argue it is like money, but only 25% of it as that would be our portion of the spending.