Re: The bulk of Mr. E's stock
in response to
by
posted on
Jan 08, 2012 01:31AM
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%)
Lissibear....
Personally I dont believe it will sell that low....I think they know what they have here and I would lowball a buyout in the $3.50 range.
However I do completely respect the train of logic youre using and you are right. If Big E decided to accept $2.50 a share this company would be sold.
Trains of thought like this are necessary to keep the average CUU holder in check lol.....but the fact of the matter is that the geology doesnt lie. Lets hope Big E doesnt wat the quick flip....he does have more to be offered. Teck alone knows the value here, look at this thing. We just keep adding.
I respect this post, its logical....and I do think posts such as this are critical in tempering anyones optimistic thoughts in the market. For all the recent brouhaha about "bashers" and then real bashers.....this is logical substantiated negativity which is crucial to tempering the thoughts of any investor.
Rogue,