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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%)

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Message: Re: Worst Case Scenario
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Oct 13, 2014 12:36AM
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Oct 13, 2014 03:56AM

In this JV, I think the only one they need to please is Ernesto.

With that said.....I think Teck would simply say, we will give you .22 cents a share. The reason I say that is because, if im not mistaken Ernesto's SP price is .22 cents.

Then do a consolidation of say 10 to 1 or 15 to 1 or what ever?

Ernesto gets his money back which makes him happy and gets Teck shares.

Teck spent the last couple of years buying back a bunch of thier own shares.

I dont know if this will happen but it gets CUU out fo the way, Ernesto does not loose any money and sits back with Teck shares and waits. With the SP price at .22 cents....I think Elmer would makes .04 cents. I think hes sits at .18 cents a share.Then we can focus our attention to Desert Fox.

I dont think everyone would be happy, but Eresto I think would be....gets his money back and a free ride. From what Ernesto has done allready ...... seems he has no problem waiting. SO what would be another 5 to 7 years waiting for Teck to get into production?

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