Re: BFS Timing
in response to
by
posted on
Jun 08, 2012 09:48PM
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%)
Moxam, I am with you on this one. NO money = No drilling period. And they have got to be running low on funds right about now. If they were real serious about getting the drills turning right now another financing would have been done in early May at the latest. You can't just put these financings together post haste, especially when you are trying to raise a large amount like 10M. I doubt even EE can come up with this kind of cash on the fly. My senses tell me something else is cooking that will get them all the money they need so no need to worry about the money.
And then there was ES statement at the webenair that drilling will be done sometime towards the end of 2012 or early 2013??? Why did he push this so far out? Why didn't he just say we are prepping to go in asap ( like right now ). Saying that doesn't excite the crowd if you are trying to raise more money. No my friends, I think a deal is in the works. Stay on the sidelines at your own risk as tomorrow we may get haulted.