Re: Letter to Teck -- Stop the hostile and costly SCJV partner starvation insanity
posted on
May 19, 2023 09:33AM
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%)
Wish I could agree with sending the letter. I do agree with the sentiment, but, it's just business to them. They've been pretty open in their presentations of late that SC is not an imminent project. We are always on the bottom of the pile, last to be mentioned, etc. Threatening legal action seems futile to me, but it does correctly reflect the angst we all feel over this investment.
JMHO
GLTA
Leo