Re: My valuation
in response to
by
posted on
Nov 20, 2011 04:48PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I dont understand why we are using old prices in our metals:
$2.50 copper? when its over $3.40/ounce
$1,000 gold? when its over $1,700/ounce
$15 silver? when its over $30.00/ounce
why dont we get maximum value for our deposit? It would be way more per share. I dont understand this idea here, please explain someone.