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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: Sombrero Butte project.
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Jul 09, 2012 02:37PM
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Jul 09, 2012 05:05PM

I'm trying hard to get my head around this move and determine the logic.

If the new property had huge potential, it would have brought more than 2million. I know jrs. have been beaten up in the past year, but that presents many good opportunities for the future. the only reason to stick with CUU will be because you like Elmer and Ernesto.

The main signal I get is CUU is ready to move on, start a new project, and by inference, the Canadian interests have been sold. I've had the feeling the deal was made for months now.

I was hoping to get TCK shares for our cash accts. for tax reasons, but if CUU is divesting it's Canadian interests, it would probably be for cash deposited into its treasury and then, after keeping a sum for the co., be dividended to the shareholders... no tax planning.

It's quite possible the AGM will have all the answers to all the questions we've been speculating about for the last two years. lets hope so......chunky

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Jul 09, 2012 06:11PM
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Jul 09, 2012 09:40PM
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