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%)
The contract states though if Teck opts to back in early all the clauses are triggered and it is as if the feasibility were released. They can't circumvent that by going early.
Not if the new terms of the agreement are being negotiated as we speak and will be released all at once with the back-in.