My Msg to vette and web back in 2011. Groundhog day
posted on
Oct 15, 2012 09:41PM
Date: Dec 16, 11 09:38AM
To: cuuvette350
Subject: Thanks, backin, I also emailed webgogs
Thanks again for all of your hard work I have learned from your posts. As you probably know I have been with cuu since .16 and .17 days. It has been a long wait. As for teck first right to refusal for the backin I am fishing for your thoughts. If I can share mine, I don't see teck coming forward until bfs is complete because their investors want a confirmation this is not a waste of time and money and that would be with the bfs. When I have called cuu I have been told they are checking all the boxes for teck, meanwhile they are not going to do the minimum requirements in case teck backs out because we are not miners.
The fundimentals that brought me to cuu were the pounds in the ground, the bet there was more to find the negative cost to mine copper, future demand, and cuu wanted to sell schaft creek project. I don't want to stir the board, but if we get bought out by a second company how are we going to get "paid" if Teck is paying back on earnings from the mine. The way the market has been treating us I don't see it coming through the sp. food for thought.