Re: PGM example
in response to
by
posted on
Dec 04, 2012 03:55PM
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%)
If Teck won't pay the price that EE's advisors claim it's worth, then they have to start building a mine with a deadbeat partner or go to court with a billionaire and seriously harm their reputation.
We keep the Liard interest and can sell to any bidder of our choice. Teck gets stuck with whomever we choose.
Both entities are shrewd businessmen and aren't going to destroy their reputations by making unresonable demands or holding out for foolish valuations.
The intent too sell has been constant in every communication I've ever had or seen from management.......chunky