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Catalyst Copper Corp. CATXF



GREY:CATXF - Post by User

Comment by Accountant007on Dec 05, 2012 11:58am
140 Views
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.

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