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Gold/Mining/Energy : Copper Fox

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From: louel	6/15/2016 2:03:13 PM
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Thompson Creek Metals ( OTCQX:TCPTF) is reportedly soliciting offers for Mount Milligan. A Globe & Mail article notes that Mount Milligan has attracted interest due to stronger gold prices and its location in a low country risk mining area (Canada). It is uncertain, however, whether the offers will involve Thompson Creek as a whole, or whether the bids are for just the Mount Milligan asset. It is reportedly seeking offers for Mount Milligan, with talk about a $780+ million value. Which would equate to the $3.50 range. Potential Suitors Kinross Gold (NYSE: KGC) and Centerra Gold ( OTCPK:CAGDF) are listed in the article as two potential suitors. There are also articles concerning this on Seeking Alpha and 24 hr. Gold. Teck may not be in the market but it is in their realm of operation. And Lindsay said they would like to a find a long life turn key Copper/Gold operation. TC's Mt Milligan is in the same safe jurisdiction, (BC) far less remote, and at a fraction of the cost of development of either Galore or Shaft Creek. And is within 4 hours drive from their existing Highland Valley mines.

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