Re: Out of left field
in response to
by
posted on
Jul 09, 2012 08:05PM
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%)
Out of left field is right! Different country, different terrain, different extraction method, different grade, and different climate. I'm confused what it all means.
It sounds like an exciting property but keep in mind that it was just purchased for only $2M. This is exactly what it's worth at the moment.