Re: Teck buys (more) of copper/zinc play....but its not us...yet
in response to
by
posted on
Jul 09, 2017 03:48AM
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%)
Here is my problem. Teck and our management disregard the Salazar Agreement, which Teck wrote and shareholders depended on to be true. Teck pays CUU around 24 million for 75% of the work that cost CUU shareholders in the range of 90 million to do. What would Teck expext to pay and what would CUU shareholders expect to get for the other 25% if the first 75 was about 24 mil? Other than the shareholder rebate the rest goes down the drain with nothing much to show for it. Carmax is a perfect example. The only property they own and they can't even remember to renew the claim. Anybody ever hear Elmer take responsibility for any of this?
Seems to me the only ones suffering are the shareholders who stuck by it and believed what was said.
My personal favorite from long ago:
"Yes, the feasibility study is still expected in this quarter."
Thinking back it seems to me like straight up verbal diarrhea that is still taking place today.
If you say you are going to do something in a specified period of time, either do it or explain why you didn't without the need for individual shareholders having to call the office and ask.
Thanks for reinstating it. My question to you is this.
Where did you see that it's $24 million?
How can you say other than the rebate, there's nothing to show for it?
You mentioned that Carmax is the only property they own and don't remember to renew it. How true is this statement?
Let me answer you, it's was $20 million not $24 million.
After the rebate, we acquired Sombero Butte, Van Dyke, position in Carmax. We were even able to do a pea on Van Dyke as well.
Carmax isn't the only property they own. And Carmax is the company not the property. It's called Eaglehead. And no we don't OWN it. That's why we are have file eaglehead again with the securities commission. This is why the PP has been delayed. It's because we don't own 100% of carmax, we're only a shareholder of the company, we cannot use their reports as our own. The claim was a somebody who worked at Carmax and screwed up updating the claims online. If anything, the commissioner has already granted Carmax the claims back. We jsut need to know the results of the appeal later this month.
It puzzles me that you cling on to the words from elmer that YOU heard from. There are not sources of that statement ever stated and you claim it's true and continue to repeat it over and over and we're suppose to take it as the truth yet at the same time, you mislead every fact there is about copper fox and you're one of the hub leaders here?
My god, do you even read the news release or any information from the company's website or do you believe everything is bullshit on there. If you think it's BS, just go and sell or don't sell and move the hell on. Why do you even bother with it?
If anything, as an hub leader here, you should apologize to everyone here for posting those misleading facts of the company. If you don't like people to BS you, don't BS the rest of us.