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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: Mid to late summer - Stomper
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Jul 06, 2012 12:38PM
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Jul 06, 2012 12:54PM
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Jul 06, 2012 01:55PM
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Jul 06, 2012 02:28PM

I'm very much in the camp of those who think TCK will buy us out just prior to the release of the FS. for the following reasons.

THEY WILL GET ALL THE LAND WE OWN

THEY WILL NOT HAVE TO CARRY A PARTNER AND PROVIDE ALL THE FINANCING

THEY CAN CHOOSE A SUITABLE PARTNER THAT WILL SHARE THE COSTS

THEY WILL KEEP THEIR LIARD SHARES AND GAIN THE 1.6% WE OWN

THEY WILL NOT BE UNDER ANY TIME CONSTRAINTS TO DEVELOP THE MINE

THEY CAN CHOOSE AN EXPLORER AND THE AREA IN ACCORDANCE WITH THEIR PLAN

THEY ELIMINATE ANY POSSIBILITY OF COMPETITION IN THE DISTRICT

It doesn't make sense for them to allow us, or anyone we might sell to, to have control of all that land surrounding the Schaft property and separating them from their other claims.

It's so much cleaner to buy us out and then do another JV on another parcel that fits in with their development schedule.

In my previous post, a few days ago, I mistakenly said, I didn't want more shares with options attached issued, when I should have said warrants atached. sorry for the mis..chunky

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