Re: The Contract
in response to
by
posted on
Feb 13, 2013 06:39PM
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%)
Hmmm this is a good point. Seems like a double edged sword - on one hand we can "review" a JV for as long as we want (and won't have the problem I said earlier) but on the other hand... we can review a JV for as long as we want even if Teck has made their decision.
Hope it doesn't come down to that and Teck just takes us...Even with planned contingencies, this is taking far far longer than anticipated. I don't like having my investments based on hope - but I hope this doesn't take much longer.