"those extreme expectations are not healthy. $10/share is $4billion for our 25%, or $16 billion for the entire project. the 2008 after tax NPV was $1.6billion. no one is going to pay $16 billion for a $1.6 billion NPV. things have changed since 2008 but expecting a double digit buyout is sure to disappoint." rabid tiger

good morning everyone- haven't posted in a few months but still waiting patiently for teck's backin/buyout. continue to accumulate and have not sold any shares of our cuu.

further to the above comment here's a different look at those numbers:

first off $10/share for our 25% is $4 billion BUT DOES NOT EQUATE to $16billion in purchase price FOR TECK. Their backin for 75% is $300million approx. so teck's price would only be $4.3 billion and NOT $16 billion as in the above example.

secondly, when teck purchased fording coal in 2008 for $11billion, they received a tax credit of approx $3 billion to do so. it would be interesting to know how much of teck's purchase of cuu would be offset by tax credits thus further reducing its out of pocket cash flow costs.

so while i agree with managing expectations normally, i'm still hoping for the best($10/share like andean) and preparing for the worst.

follow the money! stay patient everyone glta longs-hka