Re: Email reply from Elmer
in response to
by
posted on
Oct 01, 2021 11:58AM
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%)
Wow!! Go Bigbuck Go. This gets the best post in the history of this forum.
Good on you for applying the pressure! Elmer knows many are mad & frustrated. He feels the heat. Those were very heated and personal questions with interesting responses.
It seems we will be sold soon- the board wants to see results of 2021 program though as it would add huge value to our buyout/exit price.
Elmer seems to entertain the idea of a complete buyout! This would allow other majors to bid on us rather Teck getting preferred treatment. Essentially what Todd wants! This development would maximize value presumably. Also Reduce Teck leverage, since ROFO WOULD BE AVOIDED.
Best bidder is......
Imo, that's why Elmer wants to drill all the other 3 non-core projects- to try for complete buyout. Other majors would see huge value in the Teck agreement on SC & discovery holes on MM & SB!
I still think we are close....that conservation exchange seems to point to this conclusion.
HUGE POST BIGBUCK! Awesome for doing it! The pressure is on.