Re: Freshening up the cuu pages
in response to
by
posted on
Sep 03, 2012 04:11PM
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%)
why isn't the company drilling like crazy to prove this massive district?
Well, of course, I think they have funding issues this year and can't go to market for more until the feasibility is released...and at this point in the drilling season it is not worth it so they closed camp.
If they got bought out before then I would imagine they cancel their participation as the upside will already have been realized.
It's a strange investment seminar with only 200 investors invited and 13 presenters. They are qualified investors though. It's possible that they plan on attending this seminar to explain about the deal and discuss their projects going forward (wouldn't that be nice.) If CUU2 is in operation by then they will need to ramp up the promotion, not discontinue it. If the feasibility is released and we don't have a decision by Teck, then they will need to promote it. It makes sense for all eventualities to continue.
Agora trouble?
Yes, I've had trouble for the past two days loggin on. It seems to be fixed now.