Re: BFS Timing
in response to
by
posted on
Jun 09, 2012 05:58PM
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%)
Other companies won't be making an offer until they know what percentage Teck will earn back. Teck can effectively hold them off until they make their decision. So it could come after the Feasibility is released, but I am expecting that they will try and negotiate an agreement with Copper Fox for the remaining shares before they tell the world that they will back in for any specific amount.