"This is a $525M dollar company with a likely 25% stake in a mine years away from construction." The contradictions to this are built in.
Good point..since when do we have a 25% stake lol...
''Copper Fox's main asset is 100% working interest of Schaft Creek, one of the largest undeveloped copper-molybdenum-gold-silver porphyry deposits in Canada located in northwest British Columbia. ''
We took care of that in 2010 !
Okay yes this is true.....we own 100% of Schaft Creek. For now.
I honestly cant see Teck passing this up. 75% for about $260M? Thats a hell of a deal. Its like you giving your friend a buck and he gives you back 5....I think its pretty safe to value ourselves around this 25% mark, even better if Teck backs in for less or not at all. I just cant see Teck not taking 75% at a ridiculously low price. Based on the NPV of $2.7B we get $675M for each 25% interest. Based on this number ($2.7B), Teck essentialy buys $2.025B for the price of $260M. Ergo theyre making about 8 times their money just signing on the dotted line.
If I was a Teck shareholder and they passed this up Id crucify them. Im sure Don Lindsay is savvy enough to see this bargain basement price.
Rogue,
