Re: Expectations
posted on
Mar 07, 2013 01:49PM
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%)
Why would that be a conclusion for not transferring now
First, I don't think an option exists for not transferring upon demand, they have been earned
And Teck may intend to try and buy out the CUU interest in the property
But how can a successful negotiation for that outcome be assumed
Seems to me that there are some details like price that might present an obstacle
And that price should reflect the marketibility of the interest to be conveyed
And it eludes me how our value would not be enhanced if in addition to what has been disclosed, we are able to package ourselves as owning the indirect interests as well as the direct
We do ourseves a disservice by assuming that we have to deal with Teck
They may not be our best option
...and anyone else will need to know that we can convey title to the indirect as well as the direct interests
A claim we cannot make until we are in actual physical title to the interest
The very reason why, IMO, Teck may not want to relinguish the shares