Re: Schaft/Galore Creeks Combo
in response to
by
posted on
Feb 23, 2012 10:12PM
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%)
So if Nova is talking to potential buyers to sell 50% of Galore...At least we know the buyers are there....How much interest do you think 25% of Schaft Creek + Control will bring....
When our Feasibility comes out those potential buyers will compare Galore economics and situation to the Schaft Creek economics and they will be saying ''WTF''??...
Galore doesn't stand a chance, it's 10 years away...(permits, cost, tunnel, environmental etc).
Schaft Creek will be the driving force to fund Galore.
Don't expect us to be around very long..If Nova expects to get a buyer this year....Imagine CUU after Feasibility, Poof!! Gone !!
''The company, which outlined the plan late last year, said it has begun talking with potential buyers and that it expects a sale by the end of the year.''