Re: Looks like it will have to be tomorrow
in response to
by
posted on
Mar 28, 2013 02:03PM
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%)
Elmer told me less than 2 months ago that he would have to hire a company to sell this project if Teck walked.
I think we would have a third party review any sale or transaction - Teck or otherwise. Why can't we already have hired this third party? I actually asked about this question several months ago (What would they consist of, auditors, accountants, lawyers, analysts? Would this be a dedicated company or a bunch of free lancers? Would this be a team or a single individual? How much would this cost etc.)
I continually got the "Can't answer your question" type of response. I think in either case though, it's very well possible we may already have such a party - or we should have one retained if we're remotely prepared to discuss buyout or backin situations with Teck.