Maybe I should ask this differently, what is the valuation of Shaft Creek? Why are some posters says 3 billion?
I have gone through the CUU website and I have read a lot on the company but I cannot determine a fair value for SC from what I have read as I am not an expert in this field.
From my original post below:
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
