Re: Conference Call Opinions
posted on
Jun 05, 2012 05:23PM
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%)
I have June 29 as the last day to invest. After that there's a bigger chance of a back in that of an extension. Mark that day on the calander and see if I get it wrong. This will confirm 2 important peices of info and tell us what the finally will look like.
I like that our legal is in black out and we are still buying land. However, we are racking up a big bill without the cash in the coffers. They must get down to business and raise the money. Small guys like us are shying away from equity money but I think we can raise what we need for the next 6 months with one offer to the public. I don't see us needing anymore money unless we are raising our share. If that happens it's a game changer.