Re: Update.........
in response to
by
posted on
Nov 11, 2012 10:19PM
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%)
If you go back to the BNN interview of the CEO of CIC, he said specifically that they were looking to get involved in very early stage projects. I don't recall that they have made any investments since that interview so they are still fully loaded.
Plus they already own 17% of Teck and are on the board. Perfect.
GLTA, canoehead