Re: Call to Management
in response to
by
posted on
Aug 29, 2012 04:46PM
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%)
Thank you for reporting CC.
So unlikely to pay several multiples of our current share price could put us on the low end of the $2.50 to $3.50 range. Right now 3x our share closing share price is $3.60.
Now the burning question, haha. What constitutes several ;)