Re: Teck Announces Dividend and Buyback
in response to
by
posted on
Nov 19, 2017 12:23AM
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%)
"In the "hard up" days (hopefully behind us now) of no liquidity and lack of resource $ investments, companies would accept these low-ball (.03 cents a pound) offers. But now? Would Elmer and Ernesto accept a low-ball when this "district level" amount of potential exists for our 25%?"
I agree with what you are saying but my problem is that CUU does not own the district but has 25% of Schaft Creek. I think the area is huge and is going to be mined but not until the major player('s) have everything locked up. After watching this go on for years I am convinced that talks between Teck and our management probably have not been totaly agreeable. Management self imposed deadlines as per news releases are never met after which shareholders are faced with dead silence and no explanation, retraction or any sort of update. It's very frustrating and I am hoping it's a case of not being able to say anything while negotiations are worked out with Teck.
When the bottom fell out on this thing I chalked it up to just one guy running a Venture company, telling a few stories and making a continuous living at shareholder expense but then realized that there is no way EE would have fallen for this or still be here now if he did. Teck has not said "no" either and I don't think they have the time or interest to string people along.
So that's where I sit and I have no idea anymore what we are worth...