Re: Freshening up the cuu pages
in response to
by
posted on
Sep 03, 2012 04:04PM
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%)
i concur with prospect - many posters are advocating its a done deal between teck and cuu; i think its prudent for any company to 'prepare for the worst, expect the best'....
My only contention is if they are preparing for the worse ( Teck backs out or takes a lower percentage ) why isn't the company drilling like crazy to prove this massive district? You would think that if they were going to market this to other players that is what would be a priority right now.
As for them participating in an investment seminar, this could have been arranged months ago. If they got bought out before then I would imagine they would cancel their participation as the upside will already have been realized. If not then even if they were in negotiations or have a done deal they would be obligated to honour their commitment imho. Nevertheless, imho, we are nearing the home stretch and to sell now would be folly.