Re: Why would TECK walk?
in response to
by
posted on
Jan 07, 2013 07:10PM
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 last thing I want is another drilling season by CUU. Just imagine the dilution it would create; shares, warrants, employee stock options for another year and so on... Teck won't walk away, IMO, and hopefully they don't play the lowball game. I am more worried that CUU walks away than Teck.
GLTA