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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: Indirect Holding is the key
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MES
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Mar 23, 2012 11:50AM

Mar 23, 2012 12:07PM

Thanks folks for the replies. I understand that most of this is speculation anyway but it is always nice to get positive input.

Just a couple of points. While I always appreciate the smell of coffee, it is important to note that nothing has been released to the public concerning talks between Teck and CUU. In fact, I think I have seen several remarks attributed to both Teck and CUU that no negotiations have taken place. They may be happening behind the scenes but we know nothing for sure.

I would also question the scenario

CUU Management goes along with the delay because it is in the best interest of shareholders. I am not a corporate lawyer but my take is that it is permissible to hold on to material information if its release would jeopardize a greater material development...

It would be very difficult to justify a greater good particularly with the list of reasons Vette provided for Teck not wanting the FS released

I can give you plenty of secondary reasons why Teck would not want the Feasibility out:

* Attracting competitors

* Forced back in

* Start spending expenditure money on day 1

* Must spend every expenditure penny before earning it's ineterest

* Must bring mine in production under 4 years

Etc..

..but the main reason is UPON DELIVERY OF FEASIBILITY, Teck must transfer the Indirect Interest / Liard Interest = voting shares = control to CUU.


But it is always good to see other peoples points of view.

Thanks again

bbay

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Mar 24, 2012 11:28PM
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