What we haven't discussed teck buy in
posted on
Feb 14, 2012 10:30PM
If teck buys back in at 75 40 or the 20 percent, they can pay it back through proceeds generated from the mine profit once it's in operation. Not exactly appealing, however, our management has worn their intentions on their sleeve and are announced they are strictly an exploration company. Schaft creek is for sale. We do not have an accurate value until teck states what percentage they are backing in. Elmer has interest beyond cuu ie bxx and laird. Schaft creek is our only mine. It would make sense once teck makes their call another company buys the remainder of schaft creek, I'm hoping it includes the whole company & not a split purchase. There are many variables for this deal. Management has not advertised which way they are leaning. That is our spec. We know the pounds in the ground for the most part, thank you webgogs vette for your dd and sharing the many variables us longs are facing. This is the hardest part. My hands are numb from sitting on them and I want off the wall and onto the dance floor. Til the final bell gtla