Re: No kisses while I'm getting the schaft?
in response to
by
posted on
Sep 07, 2012 11:24AM
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%)
Just spoke to Elmer.
Regarding the the Feasibiliy study, the notice, the Technical report and results. The plan is to have it all released at the same time. We get the NR on one side and Teck is handed the report on the other.
Also see's Teck getting Schaft Creek essentialy 0 cost if Teck would move Highland Valley equipment and opertaion up to Schaft Creek.
Elmer knows his stuff and he really liked the 47m of 1%+...no moly. It is a District as the source is seperate from Schaft Creek.
Thinks the bigger players will step up if Teck doesn't take it all. Like Mitsubishi taking 18% of Quellaveco. The big boys all like to have 1/4 of a big operation.
Mira is coming...