New buy out / back in pool
posted on
Mar 17, 2013 12:56PM
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%)
Seeing that the decision from Teck should be forthcoming by June, does anyone want to put down their predictions for what will happen and when?
Please put down both the date you think it will happen and what the result will be (back in %, buy out $ or Teck walks). The winner just gets bragging rights, but it is interesting to see where everyone thinks we are going and when. Nobody gets attacked for their opinions no matter how high or low...
My prediction:
75% back in on May 15th
We drill hard all summer on Tecks dime and sell our 25% shortly after assays come in (before updated resource or FS)