Re: timing
in response to
by
posted on
Aug 05, 2012 01:17AM
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 don't expect very much in the way of NR's. There's stuff from almost 2 years ago that we are simply not going to ever see. I am a bit skeptical that we will see the Mira report. It will be right up there with all the Titan work. They don't even report the field work with the rare exception of this last NR where they mentioned it. It's not about PR because that's not getting anyone anywhere. It's about keeping us informed especially those of us who like reading technical reporting. The road report in Mess Creek from Salizar's days was more informative than what we get. And, there is increasing discontent over this. If we are such a good company why is our reporting such crap? This has dogged us for several years with only a glimmer here and there of hope that things will change. CUU 2.0 is going to suck because of this. It should generate good returns but it won't be fun to invest in. I like fun and money. If you take either away then it's just work and I don't have to work so why would I. Why should I have to call Elmer first to get information and then call back a couple weeks later to discuss it. If it was so far away I'd go there once in a while and see for myself what they were doing but it's too far and would take up too much time.
So do we actually get to see the Mira stuff? I don't think so. If they do put it out they will have to remove some of the data that would indicate what's on other properties. So if by some chance we do get to see it it will be limited. If we don't get to see it I hope it's because we no longer own it. there are about 4 of what I would call important NR's left. If Mira is out then we should expect 3 more before the end of Q4. There's a vague chance that the valuation report might not be NR'ed so really there are just 2. After that we can look forward to 2013 Q1 where they will report the last financials and we can see what the year holds.