Re: Optimization Results and Reporting Material Information Immediately
posted on
Oct 16, 2014 01:52PM
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%)
DP, are you going to sell after buying the other day for a quick flip?
I honestly don't think we will see the results. If we do, it might a very limited.
In an ideal situation, I don't think Teck wants this sort of information go public to other potential competitors. Remember CUU is still out in the open and a major can come in and sit on that 25% stake in SC.
That being said, we are finally getting some buying strengths. Whether it's just ppl speculating on a good meeting or meeting outcome, it's good to finally see some shares being traded.