Re: Letter to Teck -- Stop the hostile and costly SCJV partner starvation insanity
posted on
May 19, 2023 06:24PM
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%)
"THey haven't been open at all. They list SC last and refuse to even mention it in their presentations over a period of 10 years! They even dodge the questions asking for color or contrast on the project. That's not being open"
Hi Golf. That may not be them being open, but I take that for exactly what it implies. We are a blip on their radar. I don't think they are doing anything illegal, they just have their eyes on other projects for now. Frustrating for us but I don't think, rather, I know they could care less about our frustration. I just hope we can get to that fair evaluation and get the ROFO done so we can move on.
Of course, jmho
Leo