Re: New buy out / back in pool
in response to
by
posted on
Mar 19, 2013 09:43AM
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%)
As time goes by the arguments against CUU and Teck coming to a deal seem more real. I think a deal will come about, but the real question is WHEN? When I invested, through DD and a lot of reading, I perceived this to be over by now, or at the very least, the deal being done and just waiting for the "liquidity event". I'm underwater, and have obligations that permit me to stay with CUU only until the summer. So I hope all comes to fruition by the June 4th date. (2013, that is)