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Gold/Mining/Energy : Copper Fox

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Zep70

To: Zep70 who wrote (8539)	12/6/2014 9:07:42 PM
From: explorationguy	2 Recommendations Read Replies (3) of 10654

I'm expecting it to be someone else but not until Teck reveals their plans. No one will buy us out unless there's a good probability the project will be developed just as the share price will not show a decent recovery until that state is reached. Fort Hills has committed capital funding until completion. The next two possible projects are QB2 and Quintette according to Ron Millos(CFO) in the latest audio from the Scotiabank Mining Conference: platformwebcast.com .He said they look at acquisitions but the price expectations from the sellers are not acceptable to Teck. However, Teck will not commit to QB2 until the QB1 permits are in hand and it's been two years waiting. I have no expectations for a buyout or production decision any time soon. What I would like to see soon is a conclusion to the optimization studies(we may get limited results back), a plan to update the FS numbers unless they have already done it(they use in house staff for RE's and reserves) and an announcement that they will file the EA for SC.

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