Hi all,
I am a new member of AG and enjoy reading CUU board. I need some clarifications about a statement I often read from some posters:
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If Teck backs in at 75%, Teck has to not only spend 4x CUU's expenditures, they have to arrange financing and construction of the mine. CUU would just sit there with a 25% interest in a $3 Billion dollar mine.
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My questions is if CUU has 25% of $3 Billion then CUU would be worth 750 Million Plus the other properties that are still not evaluated because no drilling and noting has been explored yet?
So at $750 million the SP would only be $2.00... Until they prove other deposits in other properties?
What am I missing?
TIA