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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: BIG Trouble at Antamina
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Aug 06, 2012 09:08PM
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Aug 07, 2012 02:03AM
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Aug 07, 2012 11:22AM
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Aug 07, 2012 12:03PM

The big story in juniors for this past while has been lack of funding.

I think the benefit to our stock price of having an open purse with Ernesto far exceeds the benefit to him of a lower stock price. If he weren't with us ready to fund everything we might be in the position of some of these other juniors sitting at $.30 and not being able to move towards that liquidity event, and have to sell out early.

In terms of the buyout price, we are planning on hiring an outside firm to ensure that we get a fair offer. Although EE might be able to refuse what is considered a fair offer, I doubt he would be able to accept an unfair one.

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Aug 07, 2012 01:53PM
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Aug 07, 2012 03:07PM

Aug 07, 2012 03:41PM
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