Re: Timeline and delays
posted on
Feb 21, 2012 04:02PM
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 know everyone is getting anxious here, myself included, but I just don’t see management holding this up on purpose. SEC regulations aside, I don’t see how purposely delaying and not starting the 120 day clock works in CUU’s favor?
I honestly believe that the delays related to the FS are out of managements control. We’ve been told that there’s over 40 contractors contributing to this and that the final report will be over 25,000 pages! There are so many variables, delays are inevitable. IMO.