Re: Whatever happened to ......
in response to
by
posted on
Oct 07, 2014 11:48AM
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%)
Sometime over the next 2 weeks we should see a JV meeting. it was held up for a month so they could include the results of the optimization study Teck prepared over the summer.
We know there's new information, otherwise the meeting would have occured on time.
If the new info has the beneficial effect I'm hoping for, and the cost of producing all the metals is reduced in a meaningful way, we may have a new begining. it could be a turning point.
The market is really ugly at the moment and Teck can't be blamed for going slow during this period of uncertainty, but if the numbers improve it will be a big step toward a conclusion.
Let's hope .....chunky