Re: hmm - deeppocket
posted on
Apr 18, 2013 02:59PM
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%)
"If EE's number is too much for Teck to chew then off to the auction I say. That will get Teck's attention!"
I like the idea of getting multiple bids. However, the problem - other interested parties have not done DD on CUU. In addition, CUU will need to improve numbers in PFS to show TRUE value of Schaft Creek. This could take another year, plus a lot more promises of "SOON" which many longs do not have the luxury to wait. Also, more dilution and possible stock split. In the meantime, our sp goes bye bye.