Re: hmm - deeppocket
in response to
by
posted on
Apr 18, 2013 03:21PM
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 am sure there are many other companies that have or are doing DD on CUU and the BC properties. But if any were serious there would have been other offers by now. Even if Teck has first right of refusal, others can still take a stab at us.
Bottom line is as the downward trend continues, more and more interested parties will step up but at what price???