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Gold/Mining/Energy : Copper Fox
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explorationguy
Zep70
To: explorationguy who wrote (8545)12/8/2014 12:48:51 PM
From: radagast2 Recommendations   of 10654
 
If through their optimization studies, Teck can prove this up as a more viable project that they will move to a production decision, I see them bringing in a 40-49% partner.
China is still hungry, has money to put up and Teck has connections with them.
This will mitigate their risk by substantially reducing the amount they have to invest. They already own 75% for a song. They can arrange for a partner to buy out CUU's 25% and sell a portion of their interest. Teck is a master at low grade bulk tonnage copper mining. This is a world class deposit when you look at it from the perspective of multiple decades and price cycles.
I am relatively positive this will be a mine at some point. How much longer this will take and how it plays out for CUU shareholders is uncertain. MHO.
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