Re: Not Good - Russ
in response to
by
posted on
Feb 07, 2013 11:18AM
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 just can't see EE and ES putting anymore time into this if they think we are only going to get $1.50 per share.
No maybe not - but maybe they have come to realize (through the ongoing discussions with Teck) that they will not get what they were hoping for AND as they are probably blacked out (due to the ongoing discussions with Teck) they have now instead rewarded themselves some "cheap" options (silently) to squeeze a few extra dollar out in a perhaps crappy liquidity event...???