Re: Did anyone buy BGM?
in response to
by
posted on
Jul 02, 2012 11:16AM
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%)
''If teck decides to pass or opt for less than 75% that could end up being good for CUU. I'm sure another majour would be happy to buy 60 or 80 percent of Schaft for cash. Xtrata maybe?''
Surely but when? 1 year from then? 3 years from then?. Call me pessimistic but I'd like to take the (teck) money and run asap ...