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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: Why would TECK walk?
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Jan 07, 2013 07:37PM

That wasn't the question

Everybody here knows why they probably wouldn't walk away

The hypothetical presented was why they would

Lousy economics and optics of the BFS and CUU's required price could do it

And I am in the group, that would like for Teck to take a powder, but I think if that were to happen, coupled with our less than stellar BFS, we would probably be looking at sub .50 shares before Elmer could get the story restated to the satisfaction of the market

And in the interim be concerned about how EE would react to the additional burn

I think the best course is for us to go ahead with the shotgun wedding with Teck

Partnering with them if they don't want to pay what we want for our interests may wind up being best for us

..I just can''t believe they would want that...and we don't either

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