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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?


To: Zep70 who wrote (8539)12/6/2014 7:52:38 PM
From: CanadaGrant2 Recommendations

Recommended By
minder
Nav2006

  Read Replies (1) | Respond to of 10654
 
The only way someone is going to buy us out is through Teck and after a production decision by Teck. If we are on the shelf, our share of Schaft Creek is worth the land claim (well, 25% of it). Teck is now the operator. They do what they want. If there is no production we are worth nothing as it will have been a ninety million dollar waste of time for every shareholder except for Elmer. He is the only one getting paid for this crap.



To: Zep70 who wrote (8539)12/6/2014 9:07:42 PM
From: explorationguy2 Recommendations

Recommended By
radagast
Zep70

  Read Replies (3) | Respond to 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.