Re: Buy-out Price
in response to
by
posted on
Dec 29, 2012 11:50AM
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%)
Since we only got one chance to get the BFS right, does Teck only get one chance to at least come close to what we think we are worth? I mean, if the numbers they give us is so apart from what we want, and our intelligence and worth are insulted, we could just say snuffuu and open bid to others right? And start a bidding war which will be good for CUU. I know... we need to think of long term, good relations. So I really don't think Teck will low ball us since long term, good relations work both ways. IMO