NotSoQuick "At first thought it seems like CUU took all the risk in spending $85 million of it's own money to prove the resource and in the end to have to give back 75% of project and only receive the value equivalent to the same money as what was spent. Seems like a lousy deal for CUU. But I now I am understanding the importance (value) of the Liard shares.
Agreed the Laird shares have importance and Teck would want to keep control of them. After reading and keeping a mental map of all that has transpired over the past 3 years, I strongly believe that everyone - Teck and CUU - wants the deal done! The only wildcard in this deal getting inked is the value placed on the waste rock...both parties know there is value in the waste rock and I cant help think that this is the sticking point right now. Its like buying a classic car that is in good shape...the owner wants a fair price knowing its a diamond that needs pollishing, and the buyer is nitpicking. I truely believe this deal will be done. I am glad now that EE is in the voting drivers seat since this board has turned a little negative lately...and I understand patience is wearing thin for many here. Too many want this thing done yesterday at $2.00. I have been here too long for a double. I could have more than doubled my money in Jr. Oil companies with a heck of a lot less risk. If thats all we get I will NEVER nvest in mining again and stay in my Alberta back yard!
Have a good weekend,
911