Re: Stock Option---Question?
in response to
by
posted on
Jul 10, 2013 12:35PM
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%)
"i'm sure if there is another partner they needed to get themselves up to speed by looking at all the data and FS etc.... very time consuming indeed."
I agree that taking in another partner could be very time consuming because they need to look at all the data and FS etc. So why doesn't Teck just buy us out 100% at their discounted price and sell piecemeal to other suitors at their own time and price? Why does CUU have to be put on hold while Teck make their deals? Wouldn't it be to Teck's advantage to own 100% of SC and sell piecemeal for whatever price they want? That's how they can get their portion of SC for free. By selling at a much higher price!!!
What Teck does wth SC is no concern of CUU and we should not have to wait and watch our sp go down daily for no reason. Why does CUU let Teck push us around? Terms of an Agreement SHOULD be met. We've already extended the 120 days by one month and one week!
SO MUCH FOR TECK BEING FAIR TO JUNIORS. THINGS WILL HAPPEN QUICK WITH TECK.
ENOUGH, GET OFF THE POT!