Re: "Sunday research"
in response to
by
posted on
Feb 24, 2013 12:54PM
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%)
This triggered a thought here. EE has put out huge amounts for a few years with no return on his money in a high risk exploration. He would have had confidence in it. I have to believe that he would expect high yielding returns on his high risk investment. Why else do it. I don't believe that he would let Teck steam roll his expectations. So if negotiations are stalemating, I would say that Teck must be expecting a bargain price. JMO.