While the market not react to this news release very well, hidden in the cards is a lot of new value.
We clearly have a lot of extra tonnes here, I personally feel doing a new RE is in everyones best interests. A few more months but a lot more value here....its not easy to sell it until its been proven its there. I was getting excited like the rest of you for BFS but in the back of my mind, (and I saw the question being thrown around on the boards here), I wondered what was going to be offered for all this extra tonnage weve come up with that wasnt in the last RE. Now its clear; were doing another one and Teck's going to buy it for fair value.
Big E might even start buying massively again now....given we've only added more upside and it looks like the s/p is going to remain about the same or lower.
Anyone have an idea how many extra tonnes this new round of drilling could add in to our expanding deposit? What about addition to buy out price?
Rogue,