Re: My valuation
in response to
by
posted on
Nov 21, 2011 04:38PM
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%)
Along that same train of thought, can someone explain to me why there are Canadian gold exploration plays that have similar ounces in gold in the ground as Copper Fox and that is just the Shaft Creek deposit yet their SP has gone as high as $9.00 then settled to the 3-4 range? They aren't producing AND to get those ounces out is going take a lot more time and resources (things being equal) than Copper Fox will and we are just talking gold. It just doesn't add up regardless the NPV, capex issues.
Someone?