Re: Maybe was priced in pretty disappointing.
posted on
May 14, 2021 01:50PM
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%)
Unless they already have a buyer for both properties (VD & SC), I don't see what's keeping them from announcing the next step for VD. This was supposed to be done quickly and yet dragging again.
It's two completely different projects and if at this point they don't know what SC is worth after seeing all Teck's work, there's something wrong!
Can anyone think of any logical explanation why they could not take a decision on VD now? Comparing both PEA's is not a good reason.
IMO.
MoneyK