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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%)

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Message: Re: Great info
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Feb 01, 2013 08:00PM
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Feb 01, 2013 08:11PM

So Don Lindsay is saying that even in BC it is important to have a stable political climate, and he's saying that pointedly at this moment because of the election that is coming.

However then he says, "Once companies decide where they are comfortable investing they should dive in, Lindsay said, because he is convinced long-term metal demand is robust."

"Dive in," to me sounds like take the whole project, not just a smaller percentage.

Later when talking about demand from China and India, he says, ""If those numbers are close to correct the amount of coking coal they are going to need is also quite extraordinary, and I should be investing $4 to $5 billion right here in BC right now." This would seem to indicate that "right here in BC right now," is politically stable enough, despite the election, for a large investment.

So he's seeing the continued demand and still likes BC, but he thinks the business of mining needs to be promoted better to make the political climate more stable in the long run.

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