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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%)

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Message: What happens after the deal is done?
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i think we have far too many outstanding shares to warrant a $5 buyout, so my conservative guess for a buyout is in the low $2 area. which is still multiples above what the average insider bought their shares for.

Some here have a very short memory...or a very hard head..

Posted: Friday , 17 Feb 2012
Mitsubishi Corp buys 18% of Peru copper project

Mitsubishi outbid fellow Japanese firms to buy an 18% stake in the Quellaveco copper project in Peru - in a deal estimated between $760 million and $890 million.

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