Re: More to my post
in response to
by
posted on
Jun 15, 2015 07:11PM
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%)
Question for you Prospekt. My idea is the only reason someone would pay millions for an outside feasability study is to qualify for financing or to sell the project ( like CUU). If Teck was going to develop the property why would they go to the expense and trouble of paying for someone else's opinion or study when they do it themselves in house and to their own specifications? My point is, Teck isn't in the habit of throwing away money to prove something they already have the capability of doing themselves. Am I wrong here?