Re: Liquidity event etc.
in response to
by
posted on
Jul 20, 2012 06:17PM
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%)
Also there was a BMO representative at the AGM sitting at the head table with senor EE and the senior management team
IMHO, I think there may be a gool chance that BMO is/are acting as advisors to other interested parties besides Teck. These interested parties may be waiting for Teck to make their move or perhaps waiting in the wings as potential partners with Teck.
It also struck me as very interesting that if Teck doesn't make their move soon after the BFS is dropped Elmer said that they would use the BFS document as a sales tool to sell their interest in SC to other parties. IMHO, I think the pressure is on Teck to make their move soon before BFS drops as there may already be interested parties also waiting to see the BFS to make their move. These parties may already have done their DD and have confidentiality agreements in place and are just waiting for the final numbers from the FS to make a reasonable offer.
Teck may end up with a partner they didn't want if they diddle too much longer. Got to love it. Count down to buyout soon...