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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%)

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Message: Re: Opinions.
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Aug 12, 2024 11:47AM

Nice post Chunky.  Good list of "signs".

"I was told, by a reliable source that I can't reveal, long ago that EE wouldn't take less than 1.50 and was looking for closer to 2.00. We only had Schaft at the time."

I'll take a wild guess that it was 'Prospekt' that told you that. Say 'Hi" to her for me. She told me something very similar in 2012.  Anyway, I agree that the list of "signs" that something is cooking appears to be growing.  Still wouldn't use the 'S' word.

Just don't forget that we've been here before.  Spot prices surging, forebodings of copper supply deficits, long anticipation of a major re-assessment of the project economics, port space reservations and supposedly in the queue with BC Hydro, etc etc

Today's signs of an imminent liquidation event do look promising I'll admit.  But just don't forget we've come up empty already i.e. mgmt couldn't get Teck to agree on a SC ""fair value"",and that was over a decade ago. 

All the same, GLTA

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