Re: Email from Jason
posted on
Feb 06, 2013 10:38AM
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%)
"Because we didn't get an NPV greater than $1 at 12% discount, which means it is up to Teck to determine (within 30 days) if we fullfilled all terms of the agreement."
This is incorrect, and I will not pursue it further....
No wonder the board is chasing it's tail
..almost like English is a second language