Re: Sooner than later
in response to
by
posted on
Jun 07, 2012 01:39PM
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%)
Teck takes us out end June or early July. If not then we will be mapping for the whole year. On the very last day of the clock they will offer and opt for the back in. That will give us 2 options. I'll take the partnership thank you.
Isn't it funny that a cash strapped co is proving up Canada's biggest porphry district and no one seems to care! This is the kind of thing Xtrata would do not us. We could run out of money and stall out if things get sour and the big guys are content to let us run the show. Facinating.