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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 06:23PM

web, I appreciate all that. But I suspect it would be deferred to CUU 2 to tackle those issues.

Let's say CUU gets say an offer of $4 a share. All management has to do is to distribute say $3.95 to the current CUU SH's and issue say 1 share of CUU 2 share for every 10 CUU shares. CUU 2 would also get Sombrero and whatever cash is left from CUU.

CUU 2 and its shareholders and directors then would proceed with whatever it wants to do with Sombrero.

All I'm saying is Sombrero only cost the current shareholders less than 1 cent per share and should not be a big deal.

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Jul 09, 2012 07:00PM
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Jul 09, 2012 09:40PM
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