Re: playing nice
posted on
Aug 05, 2012 07:38PM
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%)
He just needs to keep updating them with the latest highest bid. This process would naturally take a lot of time to finalize.
I'm not to sure it would take such a long time. The ''others'' have surely done their homework and even in some cases their own Feasibility on us. At this point they're following the NR's (new zones, mineralized cores, port, RE, new land) just as we are.
We're the low hanging fruit here.
They all know it, those who wait to long will miss the boat and ''POOF'' the fruit is gone, they're then stuck looking back to Argentina, Peru, Bolivia, Mongolia, etc. Good luck guys !
If multiple offers come, the 1st should be pretty aggressive, enough to discourage ''others''
We all know the trade shows don't do anything to the sp.... BUT, CUU has been recently approached by THE biggest miner in the world as well as the biggest sovereign wealth funds.
The big players keep a tab. Just ask Mike...''You can tell what they want to know or what they're up to by the type of questions they ask''
They're just waiting for Teck to pick door No 1-2-3 or 4, but I'm sure they're ready and kept up to date by CUU management.
Now we just need that Feasibility to force Teck to pick or scram. They'll pick something...they would have already backed out at this point.
But IMO, Teck won't go at this alone, they'll find someone or they already have. Wait for that Feasibility and it won't be very long after that...