Re: Who has enough shares? -Webgogs
in response to
by
posted on
Jul 18, 2012 12:57PM
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%)
It will move us a bit. But it won't be a trading opportunity. The real gains will be made about a week before the deal closes in 2013. I will not be surprised if Teck get's an extension on the dead line well into 2013 and possibly 2014. One thing I know for sure is we will soon see who has the balls.