Re: Share swap
posted on
Aug 27, 2019 09:21AM
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%)
They would try for the NPV value plus the remaining value in the JV contract. Waiting any more risks missing the cycle and we'll sit here for another 6 years: https://www.wsj.com/articles/copper-nears-multi-year-low-as-economic-concerns-grow-11566498105
As long as Teck refuses to say when they intend to develop this property then no buyer will be interested, regardless of how much metal is in the ground.They shouldn't be laughing, they should be embarrassed.