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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: Buy-out Price

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Dec 29, 2012 10:14PM
We often get taken up with our own bubble and focus on share price(including yours truly). But if we step back and watch the show.... Here we have one Billionaire saying to another Billionaire see what I have in my bag and it's for sale. Oh and by the way there's a really big field that this came from. The valve of what's in the bag is easy to settle on. We know what's there. It's the field that's the mystery. How many more rocks are in the field. The first Billionaire thinks he's got a gold mine the second Billionaire is worried he is buying a gravel pit. I also know that billionaires don't become billionaires by giving things away. So I suspect the big stickler is how much land CP is willing to sell with SC for a price Teck is offering. Ill put on my McSurge hat and ponder... If I was the Billionaire and had time and money I would sell the bag (SC), keep the field, drill some more and the sell another bag back to the same client in another 5 yrs and keep doing thing for the next 30 yrs. what a cash cow! I know what is there. This could turn into a 2billion dollar payday very 5 yrs. oh and as time goes on the value of the cooper im standing on goes up!
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Dec 29, 2012 11:47PM
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