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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: Stalling
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Jun 25, 2013 08:49AM

The exact wording: "The report will be considered positive if it generates a positive NPV in either of the following two cases"

Positive yes, but not bankable, read again:

Prospect posted on Feb 16 :

Second, what defines bankable?
Bankable is defined by the entire clause 5.5 in the Agreement, including the problematic sentence that gives Teck the right, in its sole discretion, to deem it to be bankable if we only make it positive under 5.5(b)(ii) but not 5.5(b)(i)--as we did.
There has to be a reason that we didn't get the Liard shares transferred right away on delivering the positive feasiiblity.
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JV
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