Re: Schaft Creek NR
in response to
by
posted on
Mar 03, 2021 05:26PM
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 stated what I did "based on this news release" and actually on what Teck has done over the past 8 years. Teck doesn't usually give generous payouts - take a look at the deals they make. They are usually in the form of some $ now and some $ later when certain events happen like production or when certain prices are reached.
I hope you are right that we are "soon" taken out. As you stated that is the only logical reason for doing the PEA for SC. In the meantime, all I can do is continue to wait - whether it is a short time or long time - and hold onto my shares.
I appreciate the enthusiasm - mine has severely tempered over the years.