Re: Call to Management
in response to
by
posted on
Aug 29, 2012 11:40PM
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%)
There are plenty of examples of junior miners with world-class deposits that have been bought out for only a fraction of what many shareholders believed they were worth.
This is true. But none had 64% insider ownership. And our agrement with Teck just makes things even more interesting (120 days forced decision, voting shares, 4 year clause, financing to production, expenditures)