Re: Expectations
in response to
by
posted on
Feb 08, 2013 01:34PM
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 would be to our greatest benefit to push this into the EA time frame. They have hinted at that in the conference call. Think about it. They are taking their sweet time and the contract dates are getting blurry. I think they are prepared to do just that. I think a deal has been offered that would allow it. It's probably a very tempting offer. What if Teck offered us 75% back in cash but gave us 40%? Then what? I think this is on the table.