Re: possible buyout scenario.
in response to
by
posted on
Jun 25, 2020 11:12AM
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%)
Worst case, Sumitomo or Mitsubish
worst case? That would be the best case, if we get a fair buyout. But we won't.....Teck is in total control of this project and these guys are DEEPLY in bed and in cahoots with Teck, LOL.
I'll bet they wouldn't even answer Elmer's call (ha - as if he solicits) without talking with Teck first about how to get in on the cheap...