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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%)

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Message: Re: Deal or No Deal?
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Sep 06, 2012 11:26AM
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Sep 06, 2012 11:42AM
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Sep 06, 2012 11:43AM
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Sep 06, 2012 11:48AM
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Sep 06, 2012 11:59AM
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Sep 06, 2012 12:00PM
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Sep 06, 2012 12:39PM

My confidence started to waver when Teck's price dropped to $26 and change. They have $6/share in the treasury and full or part ownership in 13 mines, oilsands property and many JVs like ours.

We want a big price but when the market is only valuing Teck at $20 plus cash, I'm worried they will play hardball. I hope all the info. we haven't yet seen will be so compelling as to justify the price that will satisfy EE..

All of the other reasons I have that indicate, to me, that we'll be bought before feasability, are in place and haven't changed. It's just this lousy market......chunky

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Sep 06, 2012 12:55PM
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