Re: Newmont acquires GT Gold Corp
in response to
by
posted on
Mar 11, 2021 11:29AM
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%)
"The point made here earlier about the timing of this GT acquisition while a impending PEA was to be released... is certainly an interesting one."
Not trying to read too much into things here but perhaps now that we know a PEA is pending (announced on the quiet really, why wouldn't this be part of a NR?) coupled with a 2021 JV Schaft program that reads like it is mostly confirming and monitoring indicates that a buyer has already been found and is awaiting the numbers to strike the deal that will involve CUU and Teck.
K