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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: Another Theory.
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Jul 11, 2012 09:53AM

I agree

Obviously Elmer is looking at the next chapter for CUU

For my part, I cannot see this acquisition as being at all similar in potential to the Golden Triangle venture that I invested in

Not going to try and convince myself that this move, because of Elmer or whatever, merits anywhere near the intertest of the Schaft Creek property

For all its illustrious mining history, Arizona simply does not have the appeal at this time

Have been in more or less similar plays before

If you think the market is flighty with the string of positives associated with Schaft Creek, pretty sure there will be a barrage of negatives tied to these new properties

You can have a literal mountain of ore, but without a clear and economic path to extraction, you aren't going anywhere

Really can't see myself hitching to this wagon going forward


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Jul 11, 2012 01:28PM
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