Re: And forgot to add:
posted on
Feb 08, 2013 08:21PM
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%)
Having worked on multi-billion dollar resource developments on the big company side I can assure you the the EA and roads etc. will not be CUU's problem. Junior miners find the deposit, large miners like Teck build the mine. CUU management should be focused on their reponse to all of the back in options available to Teck and what value they expect from an offer to purchase . I assume they would not use the Canaccord insitu value table posted by BurningRoF as those values apply to resources not reserves.