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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: Edward Dowling - Teck Board
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Oct 09, 2012 11:44AM
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Oct 09, 2012 12:14PM
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Oct 09, 2012 12:21PM
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Oct 09, 2012 12:42PM

or by acquiring all o/s shares of CUU (to ensure there is no loose ends and I believe this is more likely)

I think this is less likely because CUU management has stated that they would like to explore Arizona after SC and BC are done. They want to keep the "Copper Fox" name because of the publicity and (after a sale of SC) the good name it'll represent.

I also believe that one of the reporters from the Toronto show has said (and maybe I'm wrong/recalling this incorrectly) that they would do a 10:1 split after SC is done with, distribute the money appropriately (and retain some). We would then explore Arizona with the new share structure, retained cash but the same name and management. This may not be how it plays out however.

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Oct 09, 2012 12:55PM
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Oct 09, 2012 01:00PM
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Oct 09, 2012 01:05PM
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