Re: Let's start a new Pool!
in response to
by
posted on
Jul 12, 2012 01:00AM
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%)
I'll guess 40% premium to the 2011 high of $2.69 and Dec. 15 @ $3.77. That would give me a 250% overall return since Oct./ 2010 when I made my initial purchase.
Hope it's much higher but I'm tempering my expectations due to how much the resource stocks have been crushed in the past year.