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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: Re: Update from PDAC
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Mar 06, 2012 07:22PM
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Mar 06, 2012 08:12PM
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Mar 06, 2012 10:38PM

So from this I take it we are going to have a News Release with some of the information but not all the details until it gets filed on SEDAR? Wouldn't that give Teck some breathing room to negotiate before the market at large knows all the specifics? Those 45 days could be the most important then.

That was exactly what Michael seemed to imply. I got the impression that Teck would use this time to negotiate and make their decision while the market was awaiting the official documents to be filed.

Michael did say he did not expect Teck to take very long in making their decision once they had all of the disclosure. It was clear they had everything but the mine plan in hand.

DC14

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Mar 06, 2012 11:24PM
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