Just looking at the BXX June 2012 presentation again, where Pres. Elmer Stewart outlines the clear BXX exit strategy. I think it is largely the same for CUU (with the new land purchases).
p. 4 Exit Strategy
- explorer not a producer
- early exit by selling projects based on successful results
- potentially dividend a substantial portion of proceeds from sale(s) to shareholders
http://www.boxxergold.com/_resources/presentation/BXX_PPP_AGM_20120620.pdf
Different companies, but sounds like the same strategy.
*WG, great to read the CIBC report again. It is a good one, and nice to see where Schaft Creek ranks globally.