SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?


To: LoneClone who wrote (81721)5/26/2011 12:28:36 AM
From: Metacomet  Respond to of 233846
 
Actually, TECK back in is the worst possible scenario.

If they decided to pass, CUU has the whole ball of wax to sell.

Otherwise TECK comes in and pays market value for 25% of what has been proven, based on the PFS, the drilling to date, an updated RE, due any day, an aerial survey, concluded this week, the additional properties you mentioned, and a BFS, due in June, that starts the 90 day clock running on TECK to shit or get off the pot.

By the way, the PFS came up with a copper production cost of -.32/lb, based on 2007 metal values, and they have a lot of gold and silver.

And since insiders have 65%+, it will be market value. No hostile takeover or end runs.



To: LoneClone who wrote (81721)5/26/2011 8:46:36 AM
From: tyc:>  Respond to of 233846
 
"Add in the power line coming in...."

Deja Vu....Didn't they once (years ago) actually build a railroad to the area "to develop resources"? Then metal prices declined and they pulled up the track. (or was it the election of NDP?) (There's many a slip twixt cup and lip).