Re: Timeframes/Sentiment
in response to
by
posted on
Jul 19, 2013 03:25PM
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're back to the endless speculation again..the more things change, the more they stay the same.
There's no denying the back in gave the status of Canada's premier mining co., to this property. many other co's should be looking at what Teck is so interested in here. we have obviously moved to a higher level of respectability, but the timelines are still fuzzy.
The one thing that's puzzling is, why is Teck holding our Liard shares in trust.. if we are actively marketing our share of this project to other buyers, why wouldn't we want those securities in hand. The're a valuable asset and should be showcased as part of a sale. could it be Teck doesn't want or intend to lose that valuable asset. I'm sure thay also want the 2% we own in addition to the 25% they owe us...to me, it's the strongest indicator that Teck has a plan to get CUU in the future and deal with partners in an unhindered way.
Without us in the picture, they would have a partner that would provide their own share of the financing, and it's possible, Teck would like to keep all of the Liard shares for it's own account and not share them with a partner.
Once again, it's all pure speculation......chunky