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08-08-2011, 07:48 AM
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#4851 | | Need my Daily Fix of RS
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well they could get 75% working interest in the mine for 200M but why would they do that. It is in Teck's interested and ours to just get a straight buy out. In the long run Teck would be making more money. Say the mine is worth 30billion when mined out, we hold ~25% (i don't remember the liard agreement so lets just say 25) we would make about 7.5billion in the long run, whereas Tech could probably buy us out at 3billion now. It would be in Teck interest to do it. This is with the 2007 numbers so if we used the 2011 numbers the mine would be worth over 60b and the 25% would be 15B. All expense will be paid by Teck so we are pretty much free riding in this situation.
and i agree with you the buyout will be around 6-8$. I used an online calcuator and got a NPV of ~3.2B. Teck has 3.7 billion cash sitting right now and they are just waiting for the bfs to make the decision.
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08-08-2011, 08:09 AM
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#4852 | | I contribute to threads in the offtopic forum
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True.. I'm calculating conservatively based on the 2007 numbers.
With the higher grade of the RE ->faster payback period -> higher NPV
Higher commodities prices ->higher NPV
Any other additional resources discovered from now till BFS ->higher NPV
This would add to the buyout vale.
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08-08-2011, 08:18 AM
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#4853 | | I *heart* Revscene.net very Muchie
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$6-ish...oh man, i'll buy you dinner if that happens
***not a serious offer lol
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08-08-2011, 08:27 AM
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#4854 | | I contribute to threads in the offtopic forum
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$6ish...you can find me at spearmint/sapphire in Vegas. lol
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08-08-2011, 08:50 AM
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#4855 | | Need my Daily Fix of RS
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rs dinner @ 6$? haha
looks like a wild ride to the bfs though. Everything i'm looking at is red. I think cuu still has room to drop @ 1.38; there is no support. On the bright side stifel was buying this morning...
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08-08-2011, 09:14 AM
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#4856 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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pretty sure the spread between the 10 year treasury and sp500 dividend yield is the widest we've seen in years
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08-08-2011, 09:22 AM
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#4857 | | I contribute to threads in the offtopic forum
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Financials are getting hit hard today.
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08-08-2011, 09:25 AM
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#4858 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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I am just glad I sold my GS at 134 for a small loss. What a crazy drop man. C is down 11% today WTF.
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08-08-2011, 09:32 AM
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#4859 | | I contribute to threads in the offtopic forum
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^yeah I should've sold my C in the 40s. Perfect rebuying level right now.
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08-08-2011, 09:58 AM
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#4860 | | I *heart* Revscene.net very Muchie
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Originally Posted by highfive  $6ish...you can find me at spearmint/sapphire in Vegas. lol | group RS/CUU meet for sure
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08-08-2011, 09:59 AM
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#4861 | | I *heart* Revscene.net very Muchie
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how many shares of CUU you guys have?
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08-08-2011, 10:07 AM
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#4862 | | Need my Daily Fix of RS
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Obama's speech was pointless... didn't really say anything new.
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08-08-2011, 10:17 AM
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#4863 | | I contribute to threads in the offtopic forum
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I have like 60K of CUU.
This is a good read. Virtus - Joe Terranova Blog
I agree with it. This isn't 2008 but it's selling like it is. I hope you guys bought some oversold stocks cause in a few months, we'll be laughing at this. Honestly, there is going to be one massive short squeeze coming. I think there's FEDS announcements tmrw right?
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08-08-2011, 10:22 AM
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#4864 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
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For real? You've got 60K shares or $?
Calling for a close of more than -500, any takers on under?
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08-08-2011, 10:26 AM
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#4865 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
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LOL woah right on time
DOW is half way if not more to circuit breaker, SPY is 40 away from circuit breaker
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08-08-2011, 11:01 AM
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#4866 | | I STILL don't get it
Join Date: Aug 2008 Location: Imaginationland
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Fuu sold my gold options a day too early otherwise would of had a crazy ROI  | |
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08-08-2011, 11:13 AM
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#4867 | | RS has made me the bitter person i am today!
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I'm mostly cash now... but my portfolio is down about 10K...
Then again, when volume start to go below the average, I'm planning to go big. I think somewhere in the 100~150K range.
__________________
Nothing for now
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08-08-2011, 11:24 AM
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#4868 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Daymn I bought citi at 26$ during 08 and sold around 44... Nice to see it at the same price again, dono if it's hit the bottom yet though Posted via RS Mobile | |
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08-08-2011, 01:25 PM
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#4869 | | I *heart* Revscene.net very Muchie
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down 24k :[
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08-08-2011, 01:25 PM
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#4870 | | I contribute to threads in the offtopic forum
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shawnly1000 - shares.
Good read. I think we are definitely close to the bottom. News Headlines
China numbers tonight / FEDS tmrw may give us the bounce.
stykn - paper loss not actual loss right?
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08-08-2011, 01:36 PM
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#4871 | | My homepage has been set to RS
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Woah didn't realize we had some deep pockets here
RS Prop Firm?  | |
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08-08-2011, 02:29 PM
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#4872 | | I *heart* Revscene.net very Muchie
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my cousin thinks CUU will hit $1 tomorrow....i sure hope not
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08-08-2011, 05:25 PM
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#4873 | | wants to know why blow-up dolls always look so surprised
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i wouldnt mind hitting $1.
just means i can buy more shares for cheap
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08-08-2011, 05:38 PM
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#4874 | | Need my Daily Fix of RS
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i hope it doesn't drop to 1$ but on the other hand i am buying more tomorrow.
interesting watch BNN Video Player he brings up the 2008 crisis highfive brought up earlier.
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08-08-2011, 06:14 PM
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#4875 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,699
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Originally Posted by strykn down 24k :[ | dude, cut your losses early.
it's like a relationship with a girl, if it aint going the way you want it, just cut her loose. the thing with the markets is you can always buy her back later! LOL!
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