Hi GL Way back a $5 number was mumbled, but ....things have changed, both good and bad...size/grade...euro blowup...my expectation is $3.25 to $4.....glta
I woudl agree with the current euro blowup being an issue for other companies. But here CUU Insiders own 64% and counting...And Teck and the other majors look at 15-20 years down the road.
To that we add the agreement, the control...Teck must play ball with us.
Just for fun....to compare:
Andead had a resource of 2.54 Million oz gold and 23.56 million oz silver, 471 million shares out and received 3.6 Billion.
....The same 3.6 Billion would give CUU $9,06 per share....
You can even allocate 25% of our latest RE to CUU and it's still more than Andeans resource.
Add to that 2011 drill holes....the agreement...the conrtrol...the Teck expenditures and financing....the Liard shares....the NSR...
And of course our huge potential (the other 50% of the Paramount zone, the other 50% of the Liard zone, the Mike zone, the ES zone, the GK zone, the chargeability between Mike and ES /hole 422, the area 419 hit 0.96% Cu Eq, the South zone and chargeability.....)
Oh and let's not forget Mess Creek...it is also a strategic asset Teck would need access to for the road.
Our most updated RE was only based on 2% of the old property...and 200m depth (we proved 800m and still open).