Re: Compare....we are in a good position
in response to
by
posted on
Nov 29, 2011 12:13PM
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%)
Vette, if teck does not back in, what catalyst is there left for the share price to move up on a consistant basis?
Call the company...They will tell you they have had interested parties (Korea, China, India, etc), even sovereign funds are interested, but they are all waiting to see what Teck will do, then they will act accordingly.
The market is just giving us 25% (not even) right now, without ginving us the Teck back in upside.
So if Teck doesn't back in, we will move up on 1) % value and 2) Insider and fund buying, 3) We are the low hanging fruit in Canada (BFS, Environmental, World class resource etc)