Re: Hmm what does Teck think...and predict.
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Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
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%)
Message: Re: Hmm what does Teck think...and predict.
Remember this: http://www.resourceinvestor.com/News/2006/10/Pages/Revaluing-Copper-Fox-s-Schaft-Creek.aspx
100 million shares roughly 10/2006. Adjust the prices. Use more conservative prices than Elmer.
Old prices
"This corresponds to C$ 46.40 per share against its current price of C$0.58 (if we assume CUU retains its 93.4 % share of Schaft Creek). The worst case scenario, if Teck were to earn the maximum back-in of 75% still leaves a theoretical share price value of C$11.60 per share."
Source: Copper Fox.
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