Re: Let's explore the potential ugly downside...
in response to
by
posted on
Jan 07, 2013 11:03AM
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%)
I also believe that the sp is on the down side because many are expecting Teck to back in for 75% or 100%.
BUT
IF Teck drops the ball and says nope not going to do it.....then we sell our prtion...what ever that my be.....then our profit becomes that much more.
Then CUU can fine tune what we are really worth....even at todays BFS release.