Wednesday, September 10, 2014

HDI boyos sell out Taseko Stakeholders - Update

"Florence copper miner bought out by sister company. The proposal has faced opposition from the town of Florence and some property owners and real estate developers worried about the impact on groundwater and values.
The town has been trying to condemn the FCP land and take it via eminent domain. Curis is fighting that move in the courts. An administrative law judge is expected to rule soon on mine opponents' appeal of Arizona Department of Environmental Quality permits allowing for the copper pumping process.

Maguire said the FCP is also waiting the U.S. Environmental Protection Agency to decide on an operational permit. Florence spokesman Jess Knudson said the town is still concerned about the impact of the project regardless of ownership. Town Attorney Jim Mannato said a Pinal Superior Court will hear arguments on the eminent domain condemnation fight next Monday.
Loyal followers know ALL ABOUT the offense that is Curis Resources. It's been a very predictable "go nowhere" proposition over the years. Latest is that Taseko (TKO.t) will be swallowing Curis Resources whole.

Reason for that MAY relate to the mountain of dough owed to Red Kite, butt who really knows. What we can know for certain is that existing TKO stakeholders are paying stupid large for a 100% guaranteed white elephant.
"Mr. Russell Hallbauer of Taseko reports

Russell Hallbauer

Taseko Mines Ltd. has entered into a definitive agreement whereby Taseko will acquire all the issued and outstanding common shares of Curis Resources Ltd. under a plan of arrangement pursuant to the Business Corporations Act (British Columbia). Curis's principal asset is the Florence copper project, an in situ copper recovery and solvent extraction/electrowinning (SX/EW) project located adjacent to the town of Florence in central Arizona, United States. The Florence deposit contains approximately 2.4 billion pounds of copper reserves with an average grade of 0.36 per cent total copper, contained within a measured and indicated resource of 2.8 billion pounds of copper with an average grade of 0.33 per cent TCu."
Tis been a long run of bad luck for the boyos. Pebble project toasted, Prosperty done for, and Curis, well damn, how many multi-millions gonzo is anybody's guess.

Whatever this group "achieved" years ago doesn't mean much now as the ship is fukkin holed and going straight to the bottom.