Re: Let's explore the potential ugly downside...
in response to
by
posted on
Jan 07, 2013 03:57PM
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%)
Relax guys, this is a question that imho doesn't even need to be asked. Here's why. If Teck wasn't interested they would have walked out long ago and not wasted our time nor theirs with this project. Do you guys know how much manpower and engineering dollars it costs for a department to review our BFS and be actively involved with it like Teck has been in the last 6 months?
Were are talking hundreds of thousands here folks so if Teck already knew this project wasn't viable in the summer when they had all our data they would not have wasted their time and ours actively reviewing and consulting with us on the BFS. They would have long told us they were not interested in backing in and then they could just tell their engineering people to work on more promising projects out there.
The big question is now what option is Teck going to chose and how soon? Imo, the selling today is just more retail coming back from their holidays and just selling on knee jerk response to the BFS.