Not Making Sense

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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%)

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Prospekt

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Not Making Sense

posted on Dec 12, 2011 12:50PM

It doesn't make sense that they would delay the Feasibility until January and then set about preparing a new RE when they can wait a mere two to three months and have an updated RE2 incorporated into the BFS.

The only thing we have holding back Teck is the release of the Feasibility. When that is out they can earn-back on their schedule and we will be thrust into negotiations without the full story out there.

It looks like we are in for a longer delay. This should produce greater results at the end.