Re: Let's explore the potential ugly downside...
in response to
by
posted on
Jan 07, 2013 10:59AM
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 I might add Vette.....some seem to worry that other majors will not show up to quickly to put in a bid(offer) to CUU.
IMO.....the majors are waiting to see what Teck does.
I honestly think that we are starring at only weeks to see this pot boil.
Teck MUST give a reasonable offer...if we say that is too low....then I think we can start to get offers from other companies? Correct me if im wrong.....but Teck only has 1 shot at this now to get it right or we can except other offers?