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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: John McCarthy who wrote (37146)	3/28/2007 3:55:52 PM
From: jackjc	Read Replies (1) of 78408

John CUU would have 25% ownership and would receive huge profit assuming decent metals prices, as this would be about a 50,000T/da operation, a real biggie mine. But Teck would not likely want to be at the table with little CUU long term on this (perhaps 50 yr mine life) project. So would need to pay what the holders would accept, to own it all. This back-in is not a negative, Teck is needed to finance and operate. CUU is providing its expertise in efficiently bringing the deposit through fease. And Teck can make it happen from there. When Teck gave this option around 2001 the deposit had zero value at 60 copper, so CUU was nervy and agressive in even making the deal. (It was tough raising cash at first, I got it the 20 PP initially). And deserving of the benefit they are now just beginning to receive. We have a ways to go yet, or CUU would be much higher IMO.

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