Re: The future is bright...chill
in response to
by
posted on
Jul 18, 2013 10:30AM
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%)
We lost our long awaited liquidity event, thats it...
It was delayed a couple months for the better or a bidding war.
I for one want Teck to make swiss cheese out of ''the dark side of Schaft Creek'' and I'm sure EE wanted that to.
He wasn't going to give it away because we know what's there.
Maybe Sumitomo or Glencore said ''show me the goods''
Like I said it's still early (2 days in) bids are building and Management will surely be scheduling alot of meetings in the next 3 weeks as Teck is drilling.
All it takes is 1 institution....what happens if we get 5...