Re: Forgive me I haven't called ES but what's with the money
posted on
Dec 06, 2013 02:43PM
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%)
Hey, maybe what you say is true, but we would be fools to believe you!
Storacle, I think it is reasonable to believe that Ernesto made this statement:
"...if Teck doesn't offer fair value for our asset, we sell it to the buyer of our choice and then Teck will have to work with a partner of our choosing"
It doesn't actually say anything that isn't already known or published or written into legal Agreements after all. We know that if Teck doesn't buy us out at an acceptable level we will attempt to sell to someone else. That is kind of the way the Agreement is written and the whole point of the first right of offer. It isn't a secret.