Re: possible buyout scenario.
posted on
Jun 24, 2020 06:41PM
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%)
Your scenario won't work. Lindsay and the board would be on a pike if the paid $1 for a stock trading at a 52 wk average of .8c. Why I have always said we need Teck helping to get our sp moving if we plan on getting fair value. They would have to release some details for that to happen.