Re: Share swap
posted on
Aug 27, 2019 03:15PM
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%)
How can you be so sure the "new and improved numbers" will be significantly different from the FS values? I have never seen a situation where both parties deliberately sit on great news. I have seen many situations where they sit on indifferent or bad news. It is in Teck's best interests to release improved numbers at SC as well as Copper Fox. Will Elmer come up with another delaying tactic and have SC drift into next year or will he come clean? There's been more than enough time to crunch the numbers.