Buyout /Production Decision Negotiations Folks
posted on
Sep 27, 2017 09:51AM
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%)
Dont fool yourselves Teck was always going to take this to the max before they have to let the Laird shareholders know ever four years if SC is Economical,this is the fourth calendar year of the JV with Teck, if Teck deems that it is then we go to production or even better a buyout that's why CF keep a minoriy share in Laird. Teck stated in Q1 that they would let the market know in Q2 where they would be allocating money for new investment would be and we got nothing,Teck will start producing first real oil at FortHills,money from the Wanita dam sell is in Q1 and I belive the CIC selling of Teck shares last month will play a large part in the final play out of the SC drama. I'm sure EE and ES knew this was going to play out like this. JMHO