Share swap
posted on
Aug 26, 2019 09:02PM
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%)
E&E should consider a share swap with Teck in exchange for SC. Teck is down almost 50% this year while CUU shares have held steady at rock bottom despite Elmer's vague statements that something will come out of the conceptual studies. That would allow Teck to acquire the rest of SC with no cash outlay and Elmer can escape this fiasco by claiming the upside will come sooner by owning Teck shares.