Re: Newmont acquires GT Gold Corp
posted on
Mar 10, 2021 10:43AM
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%)
JJ >there is no way Teck would ever let our 25% fall into another majors pocket until they take us out first<
I guess there is not much Teck could do about it except counter the offer with more money.
It is not likely they would play belligerent partner with Newmont.