Re: Share price
in response to
by
posted on
Mar 27, 2013 07:27AM
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%)
I used to think this way on Copper Fox until the disappointing BFS, when for me, things changed significantly and I started to sell off the majority of my position at a loss
Elmer once said forget about the NPV...Teck looks at the NSR.
Teck is also aware of the potential with a little tweeking.
Fact is Teck helped build this Feasibility, they've been in since 2010. They received the appendices in DEC 2012. (that's when they compare our numbers to their discounted numbers)
Even if some retail investors left, Teck is still here after all this time.
This is important , why ?
So close to the drilling season starting, if Teck really wasn't interested, they would have left early giving a chance for CUU to get a new partner or financing to start the season.
But they're still here.