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Gold/Mining/Energy : Copper Fox
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To: brundall who wrote (8532)12/6/2014 5:46:01 PM
From: explorationguy  Read Replies (1) of 10654
 
I see the purpose of the review of SC by Teck is to determine where this project fits in their portfolio. They have not accepted the numbers in the FS and will make a decision when the optimization work is done. If they place some or all of the reserve numbers in the reserve report and provide the work plan for next year then we'll know if we are being considered as a potential development project or not. They will work the numbers and compare SC to the other projects but it will be done on their schedule and have to fit their business plan. I don't see deliberate stalling on their part as a strategy as the economics dictate their decisions. I doubt a buyout would happen as well since we would have to meet their price and no existing shareholder, including EE, would be happy with Teck's valuation.
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