Re: Call to Management
in response to
by
posted on
Aug 30, 2012 09:14AM
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%)
'' Someone, who private messaged me and will remain annon., asked Elmer if 3.20 was reasonable, and he replied, the smart money seems to think it's higher. I believe the person who communicated this to me.
So I think a good starting point is more than $3.20..other than that I honestly can't come up with a price I can justify with any certainty. just hoping for a whole lot.....chunky ''
Smart money = EE ? I sure hope so.