Re: Buyout
in response to
by
posted on
Jun 05, 2012 02:55PM
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%)
Offers have to go to a fairness review by an impartial group. Our guys already did the audit and are keeping it up to date. The prorata rate will be calculated into the incllusion zones. Elmer wants to drill 3-4 holes in targets to boost that value.