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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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Message: Glencore and junior miner on OT

I’ve posted a link to a story about Glencore and an Australian junior on the OT forum.

Not suggesting for a moment that Teck is anywhere near as predatory as Glencore in its treatment of junior partners or that the circumstances surrounding CUU and Teck are similar but it does illustrate the issues that can arise from such an unbalanced relationship. Too late in our case, of course, and hindsight is always twenty/twenty. Still hoping for a positive outcome here but I’m running out of time in which to enjoy it.

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