Re: SP attack - Spoke to Cathy
in response to
by
posted on
Mar 27, 2013 01:53PM
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%)
(Teck) has done this by emphasizing the three things we believe are key to any successful mining company: the continuous need to sustain and augment our ore reserves; the need to maintain a solid financial position to enable us to withstand economic vicissitudes...
Yet another relevant find, Prospekt. I sure hope Keevil is prepping Teck shareholders for a large acquisition, namely Schaft Creek. Of course the reference to maintaining a solid financial position probably refers to negotiations on price. Perhaps Keevil is signalling that Schaft Creek fits into Teck's properties much like Highland Valley, but he's also dropping a hint that Teck is not prepared to pay too much in these dreadful times for mining companies. So it boils down the Teck's will versus EE's will. Hopefully they can find a middle ground that will leave us all relieved...