Re: Call to Management
in response to
by
posted on
Aug 29, 2012 04:02PM
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%)
I sure hope you're right! Perhaps they are just trying to keep expectations in line.
Sure maybe from the $10-$15+....
But companies will pay for this in fact they are (Mitsubishie Quellaveco).
CUU own majority and control over this (+ 4 year clause, financing and voting shares) so if Teck doesn't pay well CUU has other clinets that want the copper..Anglo, Newmont and many more....
And I'm pretty sure Teck is taking the whole BC District so $5 is my minimum and not unreasonable.