Re: Anyone getting meaningful responses? Cbew
in response to
by
posted on
Feb 12, 2013 07:16PM
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%)
No, my understanding is Teck has 60 days from receipt of BFS to agree on the JV and 120 days from receipt of BFS to make their offer final. JV decision has to come first before the 120 days. So yes, Teck has to make JV decision soon. NOT 120 days followed by 60 days for JV.