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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%)

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Message: Re: Follow it.

Jun 20, 2012 07:50AM

* They don't all have alot of money and have living expenses like all of us.

* They do all have alot of options. For those that don't have alot of money they keep their money to pay for options instead of buying on the open market.

* Apparently they must pay for the taxes on options up front even if they haven't exercised them yet..(good thing here is we've never seen Elmer or Mike sell shares to pay for these things)

* David got in late in the game and didn't receive options like the other insiders, forcing him to buy on the open market. David is running Bergeonvest so he has an income.

Also, Elmer being ELmer, once told me that since he knows alot more than the others (being the geo and ceo) he doesn't like to take advantage of that by buying in.

I'm sure EE will make sure they all get compensated privately in the end.

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