Re: back in - question
in response to
by
posted on
Jun 10, 2013 08:53PM
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 we do a massive drill program...." Question: in order to do a massive drill program this summer, when does this need to be figured out in order to get the equipment there and the drills turning
Ideally, we should have a plan in place now but if Teck backs in they may already have a plan ready to go. In this situation time is of the essense and I'm sure CF and Teck management are aware of the ticking clock on our short exploration season. With this awareness, imo, a deal will have to be done soon -whatever deal (buy out or back in ) before the end of June is my best guess so that drills can start turning sometime in July and go right through into fall.