Question about Andean Takeover
in response to
by
posted on
May 30, 2012 07:22AM
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%)
Hi Vette and all,
Just playing the Devil's Advocate here. Did Andean have a back in agreement or they owned 100% of the mine. This would make a huge difference. We will most likely own 25% which is 1.50 @ 400 mil shares if we get the same deal. Maybe (hopefully) I'm missing something here. Is OUR part of the project worth 2.5 billion? Are we expecting 3-7 $/share for our 25%?
Thanks
Pat66