Re: News! Very interesting
in response to
by
posted on
May 14, 2018 11:48AM
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%)
"Financing means that the decision to develop the mine has been made i.e. the project is financially viable and, therefore, of significant future value. This should, logically, have a very positive impact on price of shares."
It probably would have a significant impact on share price but nowhere does it say financing has been arranged. The agreement says and has always said financing will be arranged by Teck but the share price is still bumping single digits. Where is the information published that says financing has been aranged?