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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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Message: Re: 4 year Clause
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May 31, 2012 06:49PM
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May 31, 2012 07:08PM
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May 31, 2012 08:16PM
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May 31, 2012 08:56PM
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May 31, 2012 08:57PM
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May 31, 2012 09:02PM

It's not an incentive, it was done to protect the interests of the original claim holders--Liard. They gave Teck the right to explore but had to ensure they didn't just sit there and block any progress.

The clause is in the favour of Liard. When we become the major Liard shareholders then it will be in our favour. I think that when we establish a JV partnership with Teck, if it comes to that, there will be a modern contract that makes all these things much more clear. Some of these legal documents go back a long time and probably need to be updated.

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May 31, 2012 11:45PM
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Jun 01, 2012 09:14AM
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Jun 01, 2012 11:19AM
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