Re: Whatever happened to ......
posted on
Oct 06, 2014 04:06PM
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%)
Linsicle, I think it is arrogant to assume that you opinion is somehow correct. You state your opinion as to why there was a delay for a year as if it is fact - but we really don't know...
Convient how you cut out what you want from my script. I think if you give it a read again some of those things actually have "could have" before them. I of course don't know for sure.
I don't think it is fair to push your opinions as truth just because they are popular consesnsus here. The consensus of the majority of the board has been patently wrong on almost every instance for the last 3 years - board consensus has always been that the pot of gold is just around the corner...
Please provide a very specific thing I stated as fact and why it isn't. Also something like the Tetra Tech man power delay was in a news release.
To assume that management was oblivious of the massive delay for a year, and didn't regularly contact TT and say what's up? Where are you with the study? That assumption seems silly to me. In my opinion they knew there was going to be massive delays but chose to not disclose it to us outsiders.
I did not assume nor did I say they didn't get updates on the study. I actually said that they would have and possibly Tetra Tech said it was going fine as they thought they could handle the load. Elmer may not have known of the delay until weeks before the deadline, we don't actually know. So harping on him for missing a deadline is somewhat missleading as it may have been completly out of his control.
You are right that the PFS was the official document prior to the FS release - but is a company not responsible to provide guidance to their shareholders? Do you also assume that management had no guidance from the company doing the FS along the way? You think they were blindsided by the results as we were?
I would of course imagine that they had some guidance along the way, but they obviously can't put out a release saying that the FS numbers are looking like X. Has to be after the completion of the document otherwise it isn't official and truly means nothing. They may have been somewhat blindsided we dont know. Of course they have some obligation to share holders and could have provided a bit of guidance when they were released and maybe did a bad job of this. I can't say I have really commented on this and have not stated they did a good job around this issue.
In my laymans opinion I think they knew far in advance to the official results that the negative cost copper wasn't even remotely possible. I could be wrong on this - its my assumption and I'm not trying to 'correct' you. Do I think they should have provided guidance far ahead of the FS release that major delays were coming and the negative cost copper is no longer a reality?
They may have they may not, none of us know.
Should they have explained why the drills were removed and brought back only to be removed again? I think so. The points Grant makes have never been properly addressed by the company (some here like to speak for the company, but I want it from the horse's mouth).
This isn't something I have commented on besides other people trying to address the issue. I don't know why this happened, but Teck saying it was successful is enough for me to believe they got what they wanted.
I can't speak for Grant, but I think this is his point. Company guidance has been missing in action and verbal discussions with management were contrary to what happened. He has a right to be upset in my opinion. I'm not happy either...
Of course he has reason to be upset, but saying how the PFS and BMO study were on the website till release of the BFS is not something to be mad about.
As far as the nominated 'post of the year' that suggests we should all ignore anything negative and keep pumping this stock to somehow improve/maintain our share price - I can't do it.
That was someone elses view on a post, not sure why I even care about that. I am far from a pumper.
I don't want any new investors coming into this blind to make me a penny or two more. A lot of us here were sucked into the hype and held when we should have sold due to the unbridled exuberance that has dominated this board. I am one of them. My blame ultimately, but our available DD at the time was limited, and speculation (as it continues today) ran rampant.
I'm not sure what you are trying to say here, but I try my best to not post speculations or take part in them here.
Am I or Grant or Prospekt or Golfyeti or Linsicle right? We don't know and that is the real truth! We don't need any high and mighty truths delivered down to us by the prophets.
Well this depends what you are talking about, some things I would say for sure I am right weither you want to believe it or not. I don't preach as some sort of prophet and I am not sure why I would even be remotly stuck in with Prospekt or Golf.
Lets all realize we are in the same boat and none of us really know for sure, so lets let everyone voice their positions and not get annoyed when someone doesn't agree with your personal "truth"?
I really only try to correct things I know, and try to state things I don't know for sure about as a potential or possibility as to what happened.