Re: Perfect Storm
in response to
by
posted on
Jan 14, 2012 09:57PM
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%)
They can't include the silver values. This Feasibility won't be revealing the full value of the project because it doesn't include the higher grades, the silver or the new properties.
Elmer has said that they would be hiring an outside company to do the negotiations on behalf of CUU. That company would have all the information at their disposal and would be able to calculate the value-add of all the missing pieces. Teck would also have their number-crunchers who could do the same thing. This is why the stock price won't be the starting point.