RE: RE: RE sucked?I grossed up the shares just to illustrate a point.
It was quick math.....given a little more time I could work out more exact figures but the idea is WHEN IS THE LAST TIME YOU EVER HEARD OF A COMMERCIALLY AND ECONOMICALLY VIABLE BILLION TONNE DEPOSIT BEING WORTH NOTHING?
Seriously....a lot of manipulation, a lot of chartwatchers, a lot of over-expectations and a lot of people who bought on a tip with no due dilligence is accounting for this decrease. If it wasnt worth it, there wouldnt be any manipulation. As far as Im concerned its a great buying opportunity.
I put it that way to illustrate a point that yes we have lost tons....but due to the extra money in savings on costs we can also present a better value on the whole project. Thats what Teck wants to see.
I get the feel a lot of people thought the RE was coming out and we'd be upwards of 6 bucks a share......dont work that way.
The point is the lessened operations costs will work out as an addition in the share price on sale. Theres buyouts happening now for companies that have less than a quarter of what we have.
In addition...a perfect example is Seabridges KSM mine. For a while they claimed to have the biggest gold deposit on the planet......that might have been true....but thus far its still there because it is NOT ECONOMICALLY VIABLE due to low grades.
I wanna sell this thing....not sit around for years hoping a spiralling commodity price will outstrip my costs.
Rogue,