Re: VIRC
in response to
by
posted on
Jan 20, 2013 06:41PM
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%)
JA - thanks for the update.
Interesting about the delay and extra 30 days. If the BFS isnt released until the end of January, Tecks decision could take us to the end of June; and then Elmer says we will not drill, be it waste or other lands.
Therein lies my confusion, because I'm recalling a previous post that if Teck doesnt commit to a complete buy-out or buy-in, that Elmber has a 'Plan B'. I guess my assumption (my bad) that an alternative plan would include additional drilling to enhance the marketability of the property.
...puzzled about plan b...
cheers
jaf