Re: Teck sells another asset
posted on
Oct 07, 2015 03:28PM
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%)
Good luck with our share price premium theory. I will expect you then to cash out of CUU at about $0.20, a respectable 33% premium for you.
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Do you really believe Teck will buy out at a double digit multiple?
Explain why they would not cause/allow our SP to increase dramatically before buyout to give the project better optics?
It would cost them absolutely nothing, but make them look like heroes instead of chumps.
Or maybe they want to use paid bashers to pry more shares out of the faithful long's hands? How's that for a repetitive topic?
This is common sense stuff, isn't it?