GREY:CATXF - Post by User
Comment by
Accountant007on Dec 05, 2012 11:58am
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Post# 20686949
RE: RE: RE: one can do all the math in the world b
RE: RE: RE: one can do all the math in the world b Teck will most likely agree to spend $20 million for the extra 20% because if it doesn't its 40% can be bought out for $20 million. CCY Board is already lining up partners in case Teck doesn't want to go forward (from discussions at AGM, they have set up a data room). If Teck goes forward with $20 milllion expenditures, then CCY puts up its 40% interest for sale. The purchaser knows Teck has to spend the $20 Million and knows it has a solid partner who knows how to build mines and has financial strength to make it happen.