Re: Teck's cost per LB.
in response to
by
posted on
Jan 04, 2013 12:28PM
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 it was a matter of just drilling 10 shallow holes to convert the 171 tonnes to M&I, by not doing this, CUU has painted itself into a corner and closed the door to a competing offer from any other majors. "
Unless Elmer has Teck in the corner but we just dont know the hidden underlying information that Elmer has againts Teck... Dont count your chickens before they hatch...