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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: Follow it.

Jun 20, 2012 07:50AM
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Jun 20, 2012 12:22PM

Pat66....IMHO, I think that Teck will not buy us out before the BFS is finished.

Reason being, Teck told Elmer to put the copper % to 20 and Elmer dropped it back to 15%.

I think that Teck does not want to jump the gun here, They want to see the BFS. They want to see the mine plan etc...

This will tell them roughly how long it will take to pay for itself, yet im sure that they have a good indication of that right now. but yet, they need it on paper to see.

I also think that Teck has throw`n a price at Elmer and Elmer has now dropped the % to 15...it only makes sence to me.

The only thing that might be a problem is ......Teck gets to look at the BFS before we do or should I say the press release of the BFS....now in that time, they don`t really need to wait thier 120 days to review it....just by seeing the hard numbers they will make a ruleing with CUU.....but then they still will not have no presure because the ball will be in Teck`s court and they will have yet anouther Q 3 and possibly Q4 which will put a few more billion in thier bank account.

Do I think they will take us lock stock and barrel? YES....but time is on Teck`s side right now. THe only thing that might raise Teck`s eye brows would be...If the BFS is released and Teck just sits back and wait out the 120 days....the S&P will climb....I dont think they really want to go that far.

I think that when the BFS get released to Teck, they will make write a cheque to Elmer and the NR would read.......TECK BUYS OUT CUU.....then in the same breath...the next NR would read....BFS OUT FOR CUU.

Thats why it is soo impairetive to buy as much stock as you can becuase I think the BFS will be the last trigger.

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