Re: Show me where bankable and positive...
in response to
by
posted on
Feb 15, 2013 01:39PM
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%)
The contract does not split hairs there.
This is the sentence in which the concept of "positive" is separated from that of "positive bankable" in an important and meaningful way.
If the report is positive under 5.5(b)(ii) but not under 5.5(b)(i), Teck Cominco may nevertheless elect, in its sole discretion, to deem the report to be a Positive Bankable Feasibility Study.