Re: QB2 Slow Motion Disaster
in response to
by
posted on
Oct 24, 2023 08:16PM
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 prefer to get fair value now and not wait for copper to blow over $5.
We have other properties that could offer copper leverage.
Also, there's so many opportunities out there that are more appealing than waiting further.
They can sell our 25% with an option depending on copper prices when SC reaches production. Teck did the same with the QB2 minority group.
MoneyK