Re: Let's explore the potential ugly downside...
in response to
by
posted on
Jan 07, 2013 12:00PM
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%)
Hmmm... I would think the sp goes down because of the uncertainty teck backs in or buyout, the opposite of your thought ... after all, this is our most likely short term chance to get a premium no? interesting we see things differently.
Nope, I`ll try to explain this better. If Teck backs out and we (CUU) get to sell the 100% .....what would be our SP then?
With Teck gett a possible 75% for pennys.
Now lets sell that same 75% with would now be CUU`s....what would esch share be worth?
Im sure that 75% of Shaft Creek is worth wayyyyy more than a few hundered million