I was speaking to an expert in the Industry in Vancouver yesterday. He and his contacts think Teck will for sure take everything in the next 2 months.
He laughed and said even the most negative and uneducated retail investor should see this as an easy 100% short term return. (hello TFSA!!)
Our advantage being the Teck agreement, forcing Teck to act on CUU within 60 days just to secure the 75%. Once Filed Teck must transfer the Liard interest, don't think they want to do that. So this can happen before the Feasibility goes on sedar.
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Keep the Quellaveco deposit in mind. 18% of that deposit was fought over just recently.
Capex was 3 Billion in 2010...imagine today. They're in Peru and have huige water issues.
Their resource:
2010 M&I: 823.8 Mt @0.44 Cu (3.68 Bil pounds) with 183mt Inferred at 0,45 (828 Mil pounds)
They have not even completed a feasibility.
So what did they recently get:
http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=145579&sn=Detail&pid=102055
Mitsubishi Corp said on Monday it had bought an 18 percent stake in Peruvian copper project Quellaveco, a hotly contested asset among Japanese trading and mining companies - in a deal reportedly worth $760 million to $890 million.
Japan's largest trading house outbid JX Nippon Mining and Metals Corp, the parent of Japan's biggest copper smelter Pan Pacific Copper, Mitsui & Co and one other Japanese trading company, an industry source said.
So what would that same amount get CUU if we only owned 25%....
890 Million for 18%..Same deal for CUU = $3.13
Now...
Add to that:
We're in Canada not Peru
We don't have environmental issues, Quellaveco has huige issues (water)
We get Teck financing to productionTeck must pay 4x expenditures (360 Million)
We get the Liard shares the moment this is filed on sedar....
We have a bankable solid Feasibility
We have Gold, Quellaveco has no gold.
