Re: Question For Vette
in response to
by
posted on
Nov 26, 2012 04:58PM
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%)
Let's not forget that although some here have alot at stake in the outcome, the insiders have much more at stake - millions of shares and dollars. If the ship goes down they go down in a bigger way. I'm confident that this will not be the outcome as none of the insiders have sold especially those that were not blacked out like EE and DM. If there was something seriously wrong imo they would have dumped millions of shares on the market but that is not the case. DM kept buying right up to mid-Sept and ES continued to back the last financing of 2.5M. Why put more money in jeapordy if something was seriously wrong?
Waiting for Teck to move on this can certainly be trying but this is not a simple deal imho. IMO, this will be a multi-billion dollar deal involving at least one other partner. This kind of deal doesn't happen instantly. It will happen but it will happen on its own time so patience needs to be excercised. I'm speculating that it will happen sometime in Dec., so sit back relax. Why Dec? Just a hunch, also if they announce the deal in Dec, they can give 30days notice to close in Jan giving us shareholders another year to defer taxes. If I were Elmer, that's what I would do. My 2 cents.