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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%)

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Message: Re: Something worth mentioning
37
May 07, 2013 09:29PM

No Vette, Teck is not walking - they are taking it all with other partner(s) probably - most likely. Imho, they would be shooting themselves in the foot if they don't take it all now. We have enough data that ES has confidently called this a district. Does Teck want to back in now, spend millions on it and then later pay up to take us out or perhaps lose a big chunk through a bidding war with one of their competitors? If I were Teck, I would take it all now at a reasonably price rather than make it more expensive to acquire later.

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May 08, 2013 12:36PM
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