Re: Both Sides of the Picture
in response to
by
posted on
Feb 11, 2012 11:58PM
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%)
Yes Vette you are correct about that 4 year thing. I had asked this same question. When we were picking it apart, Mike told me that they had to be in PRODUCTION in 4 years....give or take.
I had asked him....hmmm, what do you mean give or take....He told me, due to weather conditions etc..we can extend that time frame. I had asked him how far would that time line be extended? He had told me that they would review that time needed to finish and take it from their.
Bottom line I had asked him, so If CUU felt that Teck was just buying time and doing any funny business,,,,,,,Mike said then the time line would end.