Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 05:31PM
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%)
Wow, a lot of answers to those questions by the time I posted. Too late to delete my redundant post.
Thanks Prospekt for clearing up this. You have certainly cleared it up as far as I am concerned. The wording is clear it is refering to a positive decision.
So the $24 million we already received is all we get (not $44 million) if Teck doesnt proceed.
Nice to have that answered factually.
I think it is quite unlikely that Teck will not develop SC. When is the question. I would like to think as soon as the economy improves and Teck recovers their SP we are next up (maybe sooner).