Re: Something going on with Teck shares....up sharply this hour
in response to
by
posted on
May 10, 2023 09:23AM
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%)
Norman Keevil is in fact open to sell Teck Metals but only after selling off the coal division. He said so.
Given Keevil's announcement to the world a take-over can happen pretty quickly once Teck Metals is officially a pure play. It has been getting priceless global exposure as a desirable take-over target.
In addition to the perfect take-over stage, strong "nationalism" and "resource supply-chain home-shoring" statements from political leaders indicates that there will be conditions and expectations applied to any acquirer, as in: "You're going to stay in Canada and you are going to develop your resources in Canada (but we'll support on infrastructure/permiting/First Nations participation etc)."
If this scenario comes to fruition the new acquirer will have no choice but to highlight, praise and aggressively move forward their only undeveloped projects in Canada: Schaft Creek and Galore Creek, what I call the "The Schaft Galore Mining District".
For the very first time millions from Canada and around the world will hear of Schaft Creek, its amazing mining district potential and its 25% owner Copper Fox Metals.
Under this spotlight the continuation a partner-starvation strategy is impossible. The new mining district and CUU's riddiculous undervaluation will be out of the bag.
The stars are aligning folks!