Re: Out of left field
in response to
by
posted on
Jul 09, 2012 01:09PM
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%)
This is it..CUU's selling ALL OF SCHAFT CREEK....that's what Mira's for, Teck will take it all.
IMHO, this makes the most sense. Why would Teck leave any of this potential off the table for a competitor to gobble up. My price target now, if this indeed is the case, is min $7+ per share depending on what the new drill results and Mira turns up. Let the good time roll!