Re: Compare....we are in a good position
in response to
by
posted on
Nov 29, 2011 12:49PM
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 wasn't aware they had interest from other parties. If this is indeed true, that changes things. Whom were you speaking to at CUU?
Elmer admitted it publicly at the shareholders meeting.
As far as exposure is concerned, here's how it works:
Funds that participate in the financing take care of the exposure....CUU is 64% Insider held and Ernesto grabs the PP's.
This is why nobody knows about us.