Re: possible buyout scenario.
in response to
by
posted on
Jun 24, 2020 09:52PM
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%)
EG,
No premium to share price buyout!
Elmer told me this!
Again, buyout based on project merits and updated economics....
Including exploration potential and contract terms-
project financing free carried to production- this saves a major many hundreds of millionsÂ
milestone payments- 40 million outstanding in JV contractÂ
60 million in pre-production costs for project development (24 million spent of 60)
another company would love Teck to drill more and continue finding metal.