Re: In the green
in response to
by
posted on
Feb 04, 2019 12:52AM
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%)
I expect to see the next NR outlining plans for this year, but I don’t expect to see any desktop studies, etc. I think there is still some work to conclude there, but even if they are done we won’t see them as they are not material to Teck and won’t be reported to shareholders. Elmer can’t report them without the 43-101.
So we’re in a spot where Elmer can’t tell us much at all, we just have to continue to wait on Teck and when they are ready to move we will hopefully get rewarded. We are still in Tecks plans, they continue to do work on Schaft. I guess there are 17 Teck guys working on these studies ....that has to mean something....how much each are working on Schaft could, however, vary.
We can’t shop our portion because all we have is an outdated bfs...and Ernesto wants to be paid on what we know is accurately there not on a bfs that doesn’t reflect our true value. We need to wait till the studies are done.
As dsiorsk mentions the time factor is tough to swallow. I also have warrants that I hope get extended.
Been here since ‘11, past the point of time/cost effect, I will wait this out just for the sake of wanting all my research and time spent here to feel like it was not in vein. I do hope to be rewarded financially in a real nice way.