Re: I visited the CUU booth at PDAC today but…
in response to
by
posted on
Mar 06, 2013 12:44PM
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 Teck backs in at 75%, then as you say that would be a good case scenario for us. And also you say that they would need a partner, so that partner could buy the 25% directly from us. Would it be skin of Tecks nose to do it this way. And they would get there partner. There is the opinion that they could do better by taking all and reselling to a partner. But what if any would be the benefit of the 75% back in for Teck? That's the one thing that I don't know. Just a thought. :)