Re: Lower Expectations
in response to
by
posted on
Jan 25, 2013 02:08AM
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%)
While I am not going to guess that $1.40 will be the buyout price (I really am hopefully for $2-$3) you have to remember, Liddy, that the stock market is not "considerate and sensitive." Not at all.
It is cold and hard. Like 87 cents cold and hard -- few had predicted we would be here now.
Nobody at Teck is going to shed a single tear for CUU shareholders if Teck can get Schaft Creek on the cheap.
We're keeping our fingers crossed the Ernesto won't buckle and agree to a lowball deal and then have the board approve it.
Sounds unfair, but it happens. I sure hope it doesn't play out that way but I am preparing for anything between $1.50-$3.00, just in case.