Re: Both Sides of the Picture
in response to
by
posted on
Feb 11, 2012 03:52PM
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%)
It seems to me that one of the key factors driving the use of smaller $ value PPs and restricting them to one major insider was capital preservation. The PPs to EE did not cost CUU as much as they would have had CUU went public.