Re: Teck 52-week low and back-in/buy-out thoughts?
in response to
by
posted on
Sep 05, 2012 12:37PM
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%)
The only possible negative at this point is uncertainty
..and that keeps being nibbled away with every company disclosure
Give what has been proven and reported to this juncture, there is no rational excuse for the current market cap
I agree with the behaviours you cited, but those are certainly the exceptions and do not represent the general market perception of CUU, which is one of remarkable ignorance
Case in point:
Notice how Schaft Creek is described in this comprehensive listing of mines and prospective mines
http://www.nrh.co.il/i/pdf/NRH_Research_2012%20World_Gold_Deposits.pdf