"Even so, Andean's Cerro project was 100% owned was it not? Wouldn't it be fair to say if we got the same deal, $3.4 billion at 25% ownership is 850 million or $2.23 a share? Assuming TECK back-in of 75% of course." thechipsareallin

no, it wouldn't be fair at all. even tho andean's cerro project was 100% owned, it ONLY had measured and indicated resources of approx. 1/4 the gold and 1/3 the silver of our schaft creek deposit (2008 resource estimate). so that would make it equivalent to the 25% after the teck backin and thus $3.4 billion is not an unrealistic value for cuu. the PRECEDENT has been set with the andean buyout and if not teck, then there will be somebody out there with deep pockets who sees the opportunity like goldcorp did when they outbid eldorado.

p.s. this also does NOT take into account the 6 billion plus lbs of copper/ the molybendum/ and rhenium that was measured and indicated from 2008 resource estimate. and it also does not take into account the recent upgrades announced.

if ernesto and cuu management were to include the andean buyout e.g. in their discussions with teck, most of us longs would agree that they are on the right track to a fair valuation formula for the fox .

follow the money!

hkahka