Re: Ernesto's Appetite / CUU cashflow

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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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1911ns

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Re: Ernesto's Appetite / CUU cashflow

posted on Mar 02, 2012 07:06AM

There was some options that recently expired. The share price is higher than the option price so they are in the $. The theory is that they could not excercise the options because of the blackout. I don't know why else the options would not be exercised, so I like the theory.