Re: Asking price -question
posted on
Feb 13, 2014 11:45PM
Your point on deferred profits makes sense, and i hope you are all right....but only if we are there only option.......Whose to say Teck isn't pursuing a takeover of another copper mine or advanced project (Eg. Las bambas)? Perhaps someone can speak to Galore....could Teck advance that project fairly quickly? Are they able to take our "spot" on the NTL and stewart for galore's purpose? I have always read that galore has a large start up cost, and Teck has a fiduciary relationship with copper fox, so one could argue reallocating the port and power would violate that obligation.... so I'm not thinking galore would take our place on Teck's priority list, but could use some affirmation that that is correct.
If there are other options for Teck, then sitting on Shaft would not be an issue, 0.5 mil isnt much, and it didnt cost them that much to obtain their 75%, correct? Can someone speak to this possibility?
Thanks for your help