Re: some numbers/cbew
in response to
by
posted on
Jan 26, 2013 04:21PM
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%)
It says we need to deliver it to teck, thats what TT is working on. CUU have 45 days. everything is doing ok.
As to your frustration about the discussions about our buyout expectations, well they were just that, discussions. I always said Teck will want the BFS before making its decision because they need to demonstrate what they are buying to their shareowners and this is what they will do imo. I don't think it really help to remind us how far off we where about being bought out 1,2 or 3 years ago.
IF we stick to the facts, that teck has 120 days to make a decision after delivery of the bfs, which is supposed to happen by Feb4th or 5, I think we will all be fine or would have experienced better sleep nights over the past years.
gl