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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%)

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Message: Re: Then Feb
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Dec 29, 2011 02:43PM
2
Dec 29, 2011 02:45PM

Regardless of Vette's status as a prophet, I do believe that any perception that there may be others ready to bid helps CUU in the negotiations with Teck. Based purely on public comments by Elmer, I believe he is not looking to prolong this or get involved with some sort of bidding war, but the fact that he can hold that out as a threat decreases Teck's leverage somewhat and decreases the chance of a "lowball offer".


Jan 01, 2012 01:33AM
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