Re: One more year, PEA recommendations, 'Time's up' for Teck / Newmont
posted on
Oct 20, 2022 02:16PM
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%)
"Nothing is stopping us from selling our share of the project or the entire company, for that matter, to Newmont and that may give them some leverage in getting a better deal on the rest of the project share they seek."
edit: A Teck-rejected ROFO is the only way we can sell to Newmont just the project share (for any dollar amount more than the rejected ROFO price).
But a total company buy out would be the guaranteed way for Newmont to secure the 25%.