Re: And for those who are NOT interested ....
in response to
by
posted on
Jul 24, 2012 09:38PM
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%)
Not so fast JJay
Taking into account they get to claw it back what would it really cost?
Therefore we have to ask why Teck would pay any extra? They are in business to make money so why would they pay more?
If they are going to pay more then how much?
At 10 cents the deposit is worth a billion making our share 250 million. (
Still roughly the current share price)
Where on the break even chart does the profit line justify buying us off the property? The contract requires that we get clawed back before profits are shared. It implies we would also go up in price as the paydown occured.
Posted to the ot board for discussions.