Re: Teck Poker
in response to
by
posted on
Jul 31, 2012 09:56AM
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%)
As for CUU going low under the radar......Why then would Elmer and the boyz, go to most of the conventions?
Anytime I have spoke with CUU ( usually Mike) ...He told me that when a NR is ready they let them out as long as Teck approves it. I dont think they hold back on nr`s unless they have no real value.
Keep in mind, Elmer himself stated that they want this done RIGHT !!! They have 1 shot at this and then the ball is in Teck`s court.
As for the buyout price ...well we`ll see soon enough, but I do think that once all the info comes out, It would be a matter of sitting back and watch the S&P climb.