Re: Teck 52-week low and back-in/buy-out thoughts?
in response to
by
posted on
Sep 05, 2012 01:14PM
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%)
With the big (relative) blocks going through you would think we are the ignorant ones. The market doesn't always know best but it is still difficult to see.
I am confident that the BFS will give us a nice bump but I am discouraged that without a buyout, we will fall afterwards as the market is not very rational right now.