Re: Quadra FNX - bidding war?
in response to
by
posted on
Dec 07, 2011 12:25PM
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%)
I am sure that TCK will not leave any more money on the table than they have to, same for CUU.
Looking at Quadra's ownership... I don't see much insider ownership which tells me why management isn't holding out for a bigger offer.
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=QUX-T&country=CA