Re: Why would TECK walk?
in response to
by
posted on
Jan 07, 2013 07:35PM
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 am more worried that CUU walks away than Teck.
Thats what I poorly tried to explain earlier today. Might be their plan... minimum bfs..minimum pr... we're a low grade deposit please back out.. our sp is 75 cents but we want 4 bucks. ... teck says no way and then we drill drill drill increase value and sell at huge premium to some other?
Why stop the drills? Its either Elmer knows teck likes what we have already and need nothing more to make up their mind and backin or buyout OR Elmer plays very low profile hoping teck to walk away...