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Gold/Mining/Energy : Copper Fox

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To: Zep70 who wrote (8987)	1/2/2015 5:17:37 PM
From: brundall	1 Recommendation Read Replies (1) of 10654

So why did Teck even bother backing in. They didn't back in They formed a JV gave us 20 mil They didn't give us $20 million....we sold them 75% of Schaft Creek and surrounding lands, port etc for $24 million and continue with optimization which cost money, $2.5 million is less than Teck spends on office supplies in a year. Why wouldn't they optimise their 75% for pocket change? why they must like something about SC otherwise they just could have said the hell with it,it's not worth it and we would be trading at a penny if that. They did like something about Schaft Creek......they liked it enough that they placed a valuation for 100% of the property of $25 million....then if they like it enough to build a mine the valuation increases to $75 million They could have walked and said No Thanks and saved money but they didn't, Why? see above.....

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