Re: My thoughts/opinions on why CUU is down
in response to
by
posted on
Aug 21, 2014 06:40PM
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%)
Reason to hide that is Teck wants buy out our 25%. Giving opportunity to a active shareholder to purchase a chunk of CUU and prevent management from negotiating and getting a deal done with Teck.
haha my bad...this is what I get when I rush.
Basically what my theory is why does Teck so call keep us in the dark? How come they haven't updated their website of owning 75% of Schaft Creek?
The only answer I can think of is that they want to buy out our 25%. Teck would not want to take a junior that owns 25% of their mine and not pay a single dime for construction.
What they worry is what happens if a big buyer comes in and buys a big chunk of CUU? A vulture capitalist or shareholder activist or someone that has interests in what Schaft Creek produces. They can delay the whole buyout if they wanted to.
That being said, I do not believe in the notion that we are at lows today because of Teck though. Or that someone wants us at this level. I strongly believe that all metal mining companies, especially juniors, were casualties of the drop in metal pricing and the moving of money out from the entire sector. All I know is once people start to move money back into this sector, they will look for strong junior companies. CUU is one of them. We have the asset. We have the JV. We have the money to stay alive. We have the insider ownership.