Re: Mineweb Article - Thoughts
in response to
by
posted on
Jul 18, 2013 09:45AM
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%)
cuuvette350,
on the calI I heard ES say in his opinion it was a better deal than the one in 2002.
"Out of the 4x expenditures, 3x was coming back to Teck (75%). They gave us our due and more. They would never have spent 4x expenditures on exploration". We'll be long gone.
What else wud be "better" in your estimation?
Thanks,
sb