Re: SH and Agora difference
in response to
by
posted on
Feb 16, 2012 02:39PM
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%)
What Mexican standoff? After BFS they have 120days to do a deal! If Teck doesn't buy us out at an acceptable price then their only option is a back in. After that the floor is open for other bids. Teck is not the only big fish in the pond with a hunger for copper. Who would not want to control this district that may be producing for 50yrs+. I'm betting that we get a whole lot more than 2.20/sh. Teck may be shrew but they are not stupid or short sighted.