Re: Today's lack of interest
posted on
Sep 10, 2015 11:00AM
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%)
"The stock was at $0.10 not long ago and spiked to $0.35 on relatively little buying volume, a rise of ten times the increase that these posters say is the max "market premium" on a buyout."
As jaded as I am, even I have to agree with you here. If there was even a hint of Teck going forward with this project our share price would be well over 35 cents right now and if CUU were to sell out at anywhere near todays price, management better lock the doors, hide under the desk, turn the lights out and pretend nobody's home. I probably won't ever see a return on my investment but doubt very much that our management is stupid enough to sell out at a price where the only person who see's a return is the guy who bought around a dime. What would be the point of spending over 90 million dollars of shareholder money and then giving it to Teck for a drop in the bucket? At that kind of money, it isn't worth selling.