Re: This week?
posted on
Nov 19, 2012 04:21PM
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%)
There's also the possibility Teck's trying to line up multiple partners. it wouldn't be uncommon for them to sell 30% each, to two majors and be the operator with 40%.
Selling 60% may get them in for virtually nothing, or very little, which would be an easy sell to their shareholders.
I'm as anxious to sell as anybody here, but with the posibility of so many scenarios I just think we'll have to continue to be patient......chunky