Re: Level 2: last shakeout before RE?
in response to
by
posted on
May 29, 2012 11:29PM
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%)
Silver can add up to a billion. The drill results add 3 billion. Together that's like adding a billion to us. So call it $2 worth for last year.
While the fanfare may get drowned out by the Greek wool all this will come to bear in the buy out. You can expect a lot of Johnny come lately's to show up but leave fast. Paying attention to this will allow you to screw them.