Re: BFS Timing
in response to
by
posted on
Jun 10, 2012 09:57PM
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%)
Elmer just exercised his options ($68,000) and recently bought almost 1 million CQX shares where is he also director.
I see that as a very good sign. I know Elmer doesn't have alot of on hand cash....so by spending 68k he doesn't think he'll need any money to exercise his CUU options (100 000 at 97 cents that should have expired Feb 25th 2012)....
Only 1 reason for that....