Re: Let's start a new Pool! - Crane
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Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
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%)
Message: Re: Let's start a new Pool! - Crane
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But give me one example of a company like teck that paid 650% premium of the current share price for a jr.
Give me 1 example of another company like CUU (insider ownership, asset, agreement)..
http://www.prospectingjournal.com/confidence-in-providence-teck-resources-makes-splash-in-iron-range-project/
But, what ultimately can’t be missed in this story is the price paid by Teck to acquire their position. Last May when the ball began to roll on the Eagle Plains/Providence JV, Providence stock was languishing at a $0.10 level. By the first week of December, when drilling updates started to pop up through favourable press releases, the stock surged to $2.70 from the $0.37 level it was at to end November. That’s a massive jump, with the lowest drop since being a dip to $1.60 prior to Christmas. Today, the stock is trading at just under $2.
Thus the implication given by Teck’s payment of $4 for a $2 stock proves that Teck has seen enough data to warrant the confidence us outsiders only could previously speculate up to this point.
Thus the implication given by Teck’s payment of $4 for a $2 stock proves that Teck has seen enough data to warrant the confidence us outsiders only could previously speculate up to this point.
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