Re: Out of left field
in response to
by
posted on
Jul 09, 2012 08:15PM
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%)
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.
BCU had no choice (read below), give that property, grades and potential to Elmer and team....see what happens. Don't forget, CUU was 7 cents before EE stepped in....Many are in the same position today as in 2008, no money , no honey.
http://www.bellcopper.com/s/News_Releases.asp?ReportID=529571
http://www.bellcopper.com/s/News_Releases.asp?ReportID=532265