Re: Who has enough shares?
in response to
by
posted on
Jul 16, 2012 11:32PM
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%)
Stifel bought for themselves and are still invested. They recently asked for an update from management. They seem to be comfortable holding and are still invested.
If 5 million sold, then 5 million bought. Some were sold and bought by the same people. In and of itself that information is not useful.
Teck owned the properties at the beginning of this project. Now we do. They have an option to earn them back.