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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: Teck Buyback Options
2
Jun 28, 2013 01:01PM
1
Jun 28, 2013 01:49PM

GOLF,

I agree, that a lower value could be negotiated with EE considering the potential of Teck shares to increase in value and it being a tax efficient buyout. Basically, like you said: Offer CUU 30% fewer Teck shares from current prices. Then Teck spends even less money on a Buyout. And CUU shareholders have the flexibility of choosing when to sell.


Jun 28, 2013 02:10PM

Jun 28, 2013 02:26PM
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