Re: ....
in response to
by
posted on
Oct 19, 2012 11:10AM
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%)
Interesting case study. Here is an article put out on Oct 17th a few days after SP started to spike without news and a few days before the announcement. Some of the clues ring true to our sitatuation at Schaft.
Consider Teckland similarity to AUX buying Ventana Gold & nearby assets
Consider CIC's clout compared to that of Qatar Holding
Consider our rather bizare 2012 exploration programme vrs "Although California may be the largest contributor to the value of the company...we believe (California project) did not appear to be treated as a long-term core asset for the company;"
Pulled from nor_easter's post on SH:
Source Link: https://research.canaccordgenuity.com/_layouts/researchnoteviewer.aspx?pubid=83230
Morning Coffee - Oct. 17
Galway Resources* (GWY : TSX-V : $1.56), Net Change: 0.21, % Change: 15.56%, Volume: 4,052,345
CB Gold* (CBJ : TSX-V : $0.84), Net Change: 0.04, % Change: 5.00%, Volume: 369,970
Speculation finally reality?
In the last five trading days, shares of Colombia-focused gold explorer Galway Resources are up nearly 50% on no attributable news. Now that Galway has completed and released its maiden resource estimate for its California project, and continued to demonstrated material growth prospects at both California and Vetas, is Brazilian billionaire Eike Batista's AUX now ready to make a move? Ever since Batista's purchase of Ventana Gold in 2011, speculation has swirled that further consolidation, specifically AUX and Galway, would make a lot of sense.
In July, following a site visit, one Bay Street analyst stated: "1) A definite difference in the quality of work at California versus Vetas. Although California may be the largest contributor to the value of the company...we believe (California project) did not appear to be treated as a long-term core asset for the company; 2) Galway has options on key property positions in the District that we believe would be vital for a production decision by AUX; and, 3) The Galway properties are adjacent to and on strike to AUX and also include narrow (10-30 m) wedges cutting into AUX’s mineralized zones.
We believe the position of the wedges and the positive drill results from Galway make the company a prime take-out target for AUX."
Also of note, it has been reported that Qatar Holding, the investment arm of the Gulf state's sovereign fund, is in advanced talks to buy a 49% stake in Batista's AUX for about $2 billion. If consolidation does take place, another possible beneficiary is CB Gold, who just this week released another set of impressive results from its Vetas gold project which is located 10 km south of AUX's La Bodega and La Mascota deposits, and is adjacent to Galway Resources' Vetas gold project.
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=GWY&t=LIST&m=31667237&l=0&pd=2&r=0#05aouKCIHz2sVQiC.99