Re: Question about Andean Takeover
in response to
by
posted on
May 30, 2012 01:16PM
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%)
Potential? I believe you are asking about more value for potental new mineralization in unexplored area? Remember Quellebanca probably has potential too and that project was raised as an example of a copper deal valuation. They are 4 yrs off of production and have time to explore and add resources similar to Schaft Creek.
Our potential? Sure, I think there is a lot of potential. But how much? Will any new mineralization (mineralized zones) be economic (grades, recovery, depth, location)?
One way I look at "potential" is to look at the adjacent claims/companies. They all have potential too. I would argue that Paget has a lot more "potential" due to their relative infancy, and similar if not larger land holdings and more exploration targets. Paget's market cap is $13.22M, in todays market. $13.22M of 'potential' extrapolated to CUU's 406M outstanding shares amounts to...3.26 cents a share. Yeah... I'd like another number too.