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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: Teck sells 30% stake in QB2
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This is the first year a lot of good things came together. Galore Creek was finally  sold, a number of other acquistions were done, the price of copper recovered and the last piece of information that should be needed to proceed with a sale of Schaft Creek, the desktop study with economics, was due. It's certainly been frustrating during the past years but not surprising given the deal Elmer signed. Right now we should be close to selling SC yet what does Elmer press release? Three more months of delay and uses the word "pleased" in the update. Thats where fed up comes from. It looks like sometime in January/February we'll see if the emperor has any new clothes. We'll also know if those people who continue to report this Liard agreement as something important for the past few years have been played for fools.

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Dec 06, 2018 02:10PM
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Dec 06, 2018 03:07PM
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