AND vs CUU
in response to
by
posted on
Jan 12, 2012 09:07PM
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%)
Andean received 3.6 Billion for 2.54 Million Oz Gold and 23.56 Million oz silver. They had 471 million shares out
The same offer would give us: $9.18 a share.
Yes CUU has: 7.63 BILLION POUNDS COPPER, 453 MILLION POUNDS MOLY, 7.2 MILLION OZ GOLD, 69 MILLION OZ SILVER
(And this isn't even our revised resource, does not include the 2011 High grade drilling....we will see that after Feasibility while Teck is counting to 120)
Yes Andean received the Big money for their Exploration Potential:
http://www.marketwatch.com/story/goldcorp-to-buy-andean-2010-09-03
"It all boils down to a truly exceptional asset by any reckoning," said Goldcorp Chief Executive Chuck Jeannes on an investors' conference call, adding discovery of such potentially prolific resources is "becoming exceedingly rare."
Mr. Jeannes said Cerro Negro not only offers shallow depth, robust production at low cost and short construction time, but also the opportunity for significant continued growth through expansion of existing deposits and new, connected discoveries.
Goldcorp is betting on the exploration potential of Cerro Negro,” said UBS AG analyst Jo Battershill . “I believe there are 10 million ounces there.”
“It goes to show that good deposits are hard to find and there’s a premium to be paid,” David Baker , managing partner at Sydney-based Baker Steel Capital Managers with $1.2 billion in funds, said by phone. “There’s more consolidation to come.”
Ok, ok, ok...our recent focus has been on the Feasibility coming out...I my add the largest Feasibility being currently worled on in Canada even maybe the world.
Let's bring back the focus on our Exploration potential...We have only touched 2% at 1/4 of the depth....
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Plan-View-Chargeability-Model-_300m[2].jpg&id=485515
http://www.copperfoxmetals.com/s/Image.asp?i=maps/new-mineral-claims-acquisition.gif&id=485605
http://www.copperfoxmetals.com/s/Image.asp?i=maps/SchaftCreek_ABGPS.jpg&id=465569
In Elmers own words: