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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%)

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Message: Re: Why would TECK walk?
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Jan 08, 2013 09:59AM

"we can't be pushed around."

You're right that we can't be pushed around, but that is also troublesome because as i mentionned earlier, I am worried that CUU would just walk away from a lowball offer. If this was to happen, what happens next? There may be others just waiting on the side lines, ready to jump in the ownership game but again at what price.

My biggest fear is the thaught of CUU performing more drilling for the 2013 season to try and prove more resources. Drilling means dilution, and at 400 million plus shares a reverse split will certainly be discussed and from my experience, nothing good ever comes out of that.

I guess what i am thinking would be the worse case scenario, kinda like the results of the BFS. However. I still have confidence in management, and I am hoping that all this lack of support is solely caused by investors lack of education on Schaft Creek potential, Tecks need for this project, and the positive side of insider ownership and their continued support in insider purchases.

GLTA

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