Re: Let's explore the potential ugly downside...
in response to
by
posted on
Jan 07, 2013 11:21AM
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%)
The only "problem" I see with us getting 100% is that we become SO expensive.
Our capex isn't expensive compared to our peers.
We're in Canada, we have the port, we have the power, we have the mine life potential, we have a Feasibility, we have 1st nation support and enviro permits coming.
Smart money would eat up every share.
The demand is out there and that's why we are seeing multiple bids TODAY like First Quantum offering 5.2 Billion for Inmet (80% of Cobre).
The majors need to secure the resource, they think 20 years from today.