Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 04:21PM
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%)
if you are a big time miner and you saw another big time miner walk away from something that was supposed to be this incredible future mine, wouldnt you scratch your head and think why the hell did Teck walk away from this and not pay 120million and then ask yourself why would i buy this for 1 billion? I think we did get some bully offers on CUU for our 25% however Elmer probably told them we won't look at any offers until Teck finishes the optimization. This could be why Elmer and Ernesto seem to be in a blackout... there must of been some sort of offers come through... but they didn't even look at them.