Re: Hard BFS copy to Teck. - IIetea,
in response to
by
posted on
Dec 06, 2012 03:06PM
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%)
Look at WRN. Something is brewing over there and no one is selling off cheap. By contrast...
Given market conditions for the lot of us it's nice to see a couple rising stars. I'd like to add to that but cuu just keeps spiraling down. So I'll have to sell gold to get a decent position over there. I took some but I think they will break $1.20 shortly. Then I think a major will buy them out and it could even be Teck. Yes folks, rumours are swirling. (Not about Teck). I see repositioning minus people being forced to sell. And this is just a hunch, they could be bought out before we finish our BFS.