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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: Re: Bid/Asks look like a green, sunny spring day
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May 10, 2012 11:05AM

May 10, 2012 11:44AM

It doesn't really matter how much they have to spend to earn-back since they have to spend billions of dollars anyway. Their money goes towards building the mine and it might cost around $3 billion. The only difference is that one quarter of it, or the amount we spent will be credited back to us. So we would be even.

True but evey dollar they must spend (even on their portion) brings the value of our portion higher.

Also, I guess it might be important that they have to spend a certain amount before they earn-back their %. The higher the amount they need to spend before they earn-back pushes their ownership and control further away. It might be important.

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