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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%)

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Message: Re: Pretty Good Description
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May 25, 2013 08:50AM
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May 25, 2013 11:36AM

IMO you are incorrectly assuming that:

a) Teck is only looking at the BFS (a fractional percentage of the area)

b) CUU is only selling/shopping the BFS

CUU is a great partner to Teck, provided exactly what they asked for. Teck has a stellar reputation of dealing fairly with juniors. CUU has funds to remain a float while (if necessary) giving their partner time to sort out what could be their biggest deal this year.

My guess on 'fair' is $4-5.

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May 25, 2013 02:19PM
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May 27, 2013 11:59AM
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