Re: PDAC March 3 - my notes / Mantical
in response to
by
posted on
Mar 03, 2013 06:52PM
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%)
After reading your recollections, this past post from 3/01/13, really hits home............
"The statement has been made that Teck will treat us fairly, as not to look bad to their peers and complicate future JV deals/partnership/backin agreements. BS. I don't believe a word of it. They are in business to make money and answer to their shareholders just as we are beholding to ES & EE. They are going to make the best deal possible to come out smelling like a rose. Teck does not care one iota about CUU stockholders. The cheaper they can buyout CUU the more they can make selling a % to another partner. ES doesn't want to go into the mining business, and EE is into making $$$$$$$. Teck is putting the SQUEEZE on ES. I sincerely hope we don't get the leftover table scraps. Elmer & Ernesto will not LOSE money. That I guarantee. I'm sure their SP ave's show that. The retail will be the ones trying to keep their heads above water IMHO."