Re: Beauty is in the eyes of the Beholder
in response to
by
posted on
Dec 30, 2012 01:05PM
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%)
Meta, signed up to do my bit. No reason why both forums shouldn't co-exist. Others can explain things better than I can, though, so I hope I'm not the only one. As stockfriend suggests, I think that retail investors need to step up to the plate in getting the message across. Either Elmer and Co aren't as polished at the public relations aspect of the business as they should be, or they don't think they need to be given the circumstances of which we're all aware - insider ownership and existing relationship with Teck. While I understand that the final price is dictated by what's in the ground rather than what the market says, I'd rather see the SP at a point where the Teck buyout premium (assuming buyout is the outcome) is x2 or x3 rather than x4 or x5. I can't imagine Teck explaining the latter to their shareholders in any way that will reassure them.