Re: Copper Fox is a different animal..
in response to
by
posted on
Jun 30, 2013 01:31AM
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 not force 120 days on them to backin - and if Teck is worried about us being bid on that forces them to act faster...how does that hurt us, CUU?
Everything looks so cut and dry from our perspective but we do not know the intricacies of the deal being worked on as we speculate. For all we know a deal could have been agreed to already and only the legal paperwork needs to be done. If that is the case would you allow for an extension of time to complete this Jay?
The analogy is similar to you selling your house. You get an offer from somebody and its acceptable to you. The buyer even puts down a deposit to show he is interested. The only caveat is he wants the closing date on the transaction 2 months later whereas you want it sooner. Are you going to tell the buyer to get lost because the closing date is one or two months later than you want?
All I am saying is that their must have been a sufficient level of confidence in a done deal for ES and EE to allow this delay. I don't think they would of otherwise. IMHO, I believe a deal is very close or could even be completed by now and all that is left is tying up lose ends ( legal work ) before it can be announced. I don't believe this will drag on much longer.