Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 04:10PM
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%)
Wait, are you saying that no one would be interested if Teck didn't back in? Cause I was implying the opposite to be true. Say we want 1 billion right now for 25%, well I imagine someone wouldn't hesitate too long to pay 1.25 billion for 100%. (numbers are just for sake of discussion)