"The buyout may not be over 3 bucks, but we will be offered a carrot on future exploration in the district.''
We must all remember the recent deal between Mitsubishi and Quellaveco.
http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=145579&sn=Detail&pid=102055
$890 million for 18%..... Same deal for CUU = $3.13
BUT...
* It's in Peru...
* Quellaveco only has 3.68 Billion pounds copper + 828 million inferred @ 0.44
* Far from havnig a Feasibility complete....$3 Billion in cost+
* Huge water issues : http://www.cdca.it/IMG/pdf/quellavecostudy_1_.pdf
CUU has many premiums:
* Much cleaner project
* Bigger resource
* Gold, Silver, Rhenium
* Canada
* No environmental issues
* Teck financing
* Teck expenditures
* Liard shares
* NSR
* Stewart Port
* Mess Creek (strategic road access)
* Control over agreement : Voting shares, 4 year clause, etc
* Huge potential (depth, multiple deposits, other 1/2 of Paramount and Liard zone)
* Negative cost production
* New resource Estimate coming
* Final Feasibility stage