You are correct and I DID say it wrong in my post. Teck did back in for 75% so the money spent by CUU on Schaft Creek was to EARN their roughly 25% of the project. But, this whole thread has been turned around. It started out about what to expect, how much we might get, and where did all that money go and and turned into yet another lenghty breakdown and arguement on exactly how much it was that Teck paid them, why it was paid, how we got it and who said what to who five years ago. I guess the big question is what the heck is going to happen next...?
CG
lol haha are you serious?
YOU started it.
MoneyK posted this and you replied to this comment.
I'd be happy with a 500 million buyout in teck shares at these levels.
MoneyK
https://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/692643-teck-buys-more-of-copper-zinc-play-but-its-not-us-yet/messages/2159390#message
Here is my problem. Teck and our management disregard the Salazar Agreement, which Teck wrote and shareholders depended on to be true. Teck pays CUU around 24 million for 75% of the work that cost CUU shareholders in the range of 90 million to do. What would Teck expext to pay and what would CUU shareholders expect to get for the other 25% if the first 75 was about 24 mil? Other than the shareholder rebate the rest goes down the drain with nothing much to show for it. Carmax is a perfect example. The only property they own and they can't even remember to renew the claim. Anybody ever hear Elmer take responsibility for any of this?
Seems to me the only ones suffering are the shareholders who stuck by it and believed what was said.
My personal favorite from long ago:
"Yes, the feasibility study is still expected in this quarter."
Thinking back it seems to me like straight up verbal diarrhea that is still taking place today.
If you say you are going to do something in a specified period of time, either do it or explain why you didn't without the need for individual shareholders having to call the office and ask.
lol you brought up the argument about payment, you brought up the five years ago garbage. You even said it's your problem.
hahaha
