Re: Contract Discussions
in response to
by
posted on
Feb 10, 2013 03:11PM
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%)
If we stick to the facts from the NR...they say ''...completed a positive FS...'' then ''... Teck is reviewing the FS and is discussing...'' So I assume the clock has started since the FS is ''positive'', and if 30 days review exists, it seems it does since we got no liard shares yet, then well its to be included in that 120 days...as per agreement. imo of course
The Company has delivered a copy of the completed positive Feasibility Study to Teck Resources Limited ("Teck"). Teck is reviewing the Feasibility Study and is discussing with the Company its earn back options available under the "Teck Option Agreement" dated January 1, 2002. There can be no assurance that these discussions will lead to Teck exercising any of its earn back options nor that the Company and Teck will enter into a definitive joint venture agreement as contemplated under the Teck Option Agreement.