Re: VD water rights
posted on
Apr 22, 2015 10:03AM
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%)
So we don't need to worry about water because we have a list of 4 companies we could sell it to?
Why would limiting the sale to a potential of 4 companies ever be considered a good thing and not something we should talk about/try to open our options is utterly silly.
So we do get water rights, now you can nuke your entire comment about someone else needing a partnet with a JV at VD to do the project. Especially since these type of projects do not have large intial spending. I have no idea why anyone wouldn't want to take this project on their own.