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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: Wait

It would seem to me that if as webgogs says "our problem is that we have a good resource but it's under the outhouse" Others have alluded to poor or horrible market conditions.

I can accept these evaluations but in my mind the logical approach under these circumstances is to wait until market conditions improve and the outhouse is replaced by something better perhaps a mall or a Walmart. In other words why sell at the bottom. Wait for conditions to improve which may take 2 or 3 years, hopefully not longer and then sell when we are in demand. The other point is that companies like Teck can't really care about conditions today. What will the conditions be in 4 or 5 years when a mine has been constructed?

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May 11, 2013 10:26AM
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May 11, 2013 11:21PM
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