Re: TIME FOR A NEW STRATEGY
in response to
by
posted on
Jan 31, 2020 12:44PM
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%)
We are due for project news updates.
Within the next week we should get the 2020 SC work program as history would show:
SC program 2017- FEB 2
SC program 2018- FEB 6
SC program 2019- FEB 8
The SCJV meeting that was held last week was to discuss project budget, next work program for the year. Our board of directors have met. They will decide our fate. Either they voted to sell now based on updated numbers not yet signed by Teck, "the final report" ( but why) or continue with the show. We should get a good idea what's going on shortly based on the next few news releases.
The better question is why was the final report not signed? Does Teck know we want to sell? Yes, they know we want out.