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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%)

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Message: Re: Back to the table
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Sep 01, 2016 08:38PM

At the last meeting in Calgary I presented this idea to Elmer and he said in his opinion Teck would buy us out and sell controlling interest to whomever, keeping a minority interest but run the mine as it is in their backyard. This would generate the cash as you clculated plus some and they should almost get their share of building costs covered and end up with a minority share of a mine for free. 20/1 would be heaven.

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