RE: SAGANA=TECK COMINCO NEWS The stock price didn't do squat on this news.
If the property was that great then I don't get it. They are giving away the farm on this.
I would have drilled a few more holes b4 making any deals. Unless I'm missing something they are giving up 51% of the property on July 2007 if Cominco spends 2 mil which is pocket change to them. Then to top it off they can earn another 60% for 2 mil expenditures then then 70% for 4 mil expenditures. If they hit the mother load then I would say this is a bad deal for BTC but not Cominco and the prospector who staked the property (smelting fees baby).
On the other hand I guess if BTC is hurting for money then this is a great deal. Nobody did reply on where they are get the money to work on so many properties. I guess this is part of the answer.
I guess the next deal would be to farm out the Bermuda/Bamoos property. Hey Goldcorp , got any pocket change to take this project over?
MM