Re: It doesn't make sense

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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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hoghead

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Re: It doesn't make sense

in response to

Re: It doesn't make sense

Prospekt

posted on Nov 14, 2014 01:38AM

They said they delivered the FS to Teck and that Teck was deciding what to do per the legal contract. Of course documentation is important, but the contract did not call for a notice to be delivered, it did call for the feasibility and the expenses and combined they are referred to as a "feasibility notice." The contract specifies what was to be delivered to Teck to trigger the contract and they were delivered. People can't make up details that they feel are appropriate and then decide they were necessary and somehow it was not delivered.

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I don't like arguing with you Prospekt as you are usually right.

I don't have the technical know how to post this copy of the Salazar agreement here (it is in JPG format), so this link will hopefully suffice:

http://www.siliconinvestor.com/readmsg.aspx?msgid=28868429

The Salazar agreement also details what happens when the BFS is delivered as per the contract - none of those things came to pass (Liard share transfer, working interest, 120 days, etc...) so its at least possible that it wasn't delivered as per contract? I'm not forcing this on anyone as fact, but it isn't cut and dried for sure...

The original poster stated a list of items that had no proof to support them, so I posted another way to look at those items that may show there is another side to it.

Regarding the lies Grant claimed - they were to do with the BFS being ready on time (a month from the converstion) when it was actually more than a year from there. The fog excuse related to why drilling wasn't completed as planned. Couldn't drill because of the fog...