Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: explorationguy who wrote (8545)	12/6/2014 9:33:18 PM
From: CanadaGrant	1 Recommendation Recommended By minder Read Replies (2) \| Respond to of 10654

I agree. Our share is worth zero until Teck makes a decision and their Chinese partner (17% of Teck?) would fit to buy our share. The question is, is our share worth anything? If I was looking and you showed me the PFS then showed me your BFS I would run. I mean like run really fast.

To: explorationguy who wrote (8545)	12/6/2014 9:48:55 PM
From: mudguy	Read Replies (3) \| Respond to of 10654

They have the capacity to redo all the main parameters of the FS in house and probably already have. Re-running the block model with different assumptions is a few weeks work for a competent modeler and Teck is sure to have one or more on staff. They could also consult with third parties and we would be none the wiser. There is no reason to expect they will publicly announce the results or even the details of the activities, as this is really PR that juniors do to generate excitement, and miners just do it. We can hope for some information, but really nothing needs to be released. Personally, I think the EA and social licence remain the main risks to development, economics and pit geotech aside. I've been to the area and spent enough time to think it is worthy of protection. I'm sure there will be many in Vancouver who agree, and I've spent enough time in Ketchikan, Wrangell and Juneau to know how they will view any major mines in the Stikine or Taku watersheds. It won't be easy, and KSM may poison the well, if Mt. Polley has not already. We'll see.

To: explorationguy who wrote (8545)	12/8/2014 12:48:51 PM
From: radagast	2 Recommendations Recommended By explorationguy Zep70 Respond to 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.