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highfive · 03-18-2011, 09:18 AM

Worse case scenario is they delay the announcement of the results or it's not as good as everyone thinks.

It doesn't really matter on the results anymore. The results back in 2007 is so good already that we need a feasibility study finished in order to develop shaft creek into a producing mine. When the FS is done, I think Teck has 6 months to decide to back in on its 75% interest. If they do, I think Teck are responsible for the financing and CUU holding its 25% interest will become a cash cow. If Teck doesn't, CUU will take back the 75% interest and CUU is opened to find investors elsewhere. With the size of resources, I don't think that's an issue.

Correct me if I'm wrong guys.

03-18-2011, 09:18 AM	#3539
highfive I contribute to threads in the offtopic forum Join Date: Nov 2006 Location: Vancouver Posts: 2,945 Thanked 1,123 Times in 533 Posts Failed 71 Times in 38 Posts	Worse case scenario is they delay the announcement of the results or it's not as good as everyone thinks. It doesn't really matter on the results anymore. The results back in 2007 is so good already that we need a feasibility study finished in order to develop shaft creek into a producing mine. When the FS is done, I think Teck has 6 months to decide to back in on its 75% interest. If they do, I think Teck are responsible for the financing and CUU holding its 25% interest will become a cash cow. If Teck doesn't, CUU will take back the 75% interest and CUU is opened to find investors elsewhere. With the size of resources, I don't think that's an issue. Correct me if I'm wrong guys.