Re: Newmont acquires GT Gold Corp
in response to
by
posted on
Mar 10, 2021 04:47PM
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 would think having an unused rofo would make CF even more attractive to a major.
If Teck turns out to not be a "partner of choice" (can you imagine) then the new owner would have a way out.
Some majors may want to own a piece of the SC deposit and not be as anxious as we are to profit from it.