Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 05:36PM
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%)
Not sure why Teck would keep the port if they weren't going to do anything.
Let's go with 20 years of stalling in place of the 20mil. It's quite a long time to stall just on that one payment.
Seems Prospekt dipped into this some, I would like to add to what he said; if Teck wants to stall they will throw together garbage work plans to meet minimum and not allow us to generate a plan.