Re: Expectations
in response to
by
posted on
Mar 07, 2013 12:04PM
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%)
It almost worries me more hearing the comments from Mike saying Liard isn't so important suddenly...I remember Elmer telling me those Liard shares were going to be worth a great deal of money some day, so why downplay them now?
The Liard shares are worth a tremendous value. I think the down play is related to managment working with Teck in the meantime to arrive at a Buyout. The transfer would require more paperwork, signatures and delay any possible negotiations while Teck is on the clock. Better to talk Buyout first, see what Teck's BOD thinks and come to an agreement. If that doesnt work. Then work on a JV with Teck going forward. Then finally if all else fails lets transfer the Liard shares and move forward.
Mike knows the value of this transfer, but will dance around the question because right now the priority is BUYOUT.