Re: Buy-out Price
in response to
by
posted on
Dec 29, 2012 11:47PM
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%)
Wings: Thank you for putting out this scenario. I recall at the mining show a similar hypothetical scenario was discussed among Copper Fox investors present. There is still a tremendous amount of exploration to be done. There was discussion about the possibility in which we might negotiate a "dividend" for our SC development work to date and a spinco which would spin off properties for further development into the future.
If such a negotiation like this were to develop, I would be interested in this as another opportunity into the future. I'd like to see what else is in our mineralized "trend" and what value we could derive from it. Somebody hand me a pick and some overalls:)
That said, many investors have been here a long time and they really would like to cash out (or get Teck shares) and move on. I think it depends utlimately on the direction that Elmer and Ernesto choose and what might be offered by Teck Resources. Stockfriend