Re: Teck withdraws it's EA application for Schaft Creek
in response to
by
posted on
Mar 23, 2016 07:48PM
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%)
It would also help us wait, if we could get updates on the NTL. Remember the study that NTL was to do or done? Like how much Kw can we get, or need or timeline to be able to supply, to confirm no problem with NTL. Think Tck.spent 1 mill. ? for their study, Dont remember they are on the hook for the warehosing in Port Stewart, What a long. tough commodities market it has been for us. We dont even need the price of copper to run. With US/Cdn dollar and optimization
Tck would still have a very low cost producer, even in these times. Expensive copper to mine/grades deteriorating will shut down. Tough on Tck to do a deal with us for fair value, I understand. I just want them to SPEAK highly of this projest and get our share price closer to fair value and then we can go shopping and hopefully move on.
R