Re: Asset sale in progress?
in response to
by
posted on
Mar 21, 2020 07:52PM
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%)
"Seems like they were only able to put a dedicated team on Schaft Creek once QB2 was ready for production."
Seems to me that Teck has hung CUU out to dry for the last 9 years. And this is from a company that is (or was) so proud of treating their "juniors" fairly. Then again, who was the idiot that signed the contract with Teck that was void of any time constraints or even a plan? Also, if Salazar wasn't enforceable what was CUU doing spending upwards of a hundred million dollars of shareholder money drilling holes without a valid contract? I wonder who's fault would that be?