12 cents to go and I am in the red
Lets say Teck wants to take only 40%, they will still have to finance their portion of the construction. Wouldn't it make a hell of a lot more sense to take 75% and turn around and sell a portion of it to another partner to help with the financing? I just cannot see Teck leaving 35% on the table when it costs peanuts to aquire. They could farm out the gold stream or silver, sign an off-take agreement for all the copper like CUM did. Their are so many things they can do to help with the costs. We need some communication from our management reguarding future plans.
stock price makes me sick and I for one am getting mentally prepared to become a penny stock once again. I will be banking cash and waiting for mid november to pick up the pieces. Barring some SERIOUS good news (ie not titans or drill results) the damage has been done and will take awhile to recover.
glta