Re: Teck 52-week low and back-in/buy-out thoughts?
in response to
by
posted on
Sep 05, 2012 11:44AM
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%)
The market is pretty much clueless with regard to CUU
I would respecfully disagree with this statement. Most of the money managers that invest in the junior markets that I talk to know about CUU. Our sp is low because of several things imho. Firstly, there was widespread disappointment over past missed deadlines re the BFS ( consequently many money managers are taking a wait and see approach to investing in Cuu). Secondly, the high concentration of insider ownership with one individual also scares off some money managers. These factors are largely, imho, why the Big money is not flowing into Cuu now. However, in the end, this doesn't really matter when we are bought out at a fair price.