Look at your door!
posted on
Sep 09, 2012 12:41AM
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%)
Ok I am going to try and make this easy for everyone including myself. Look at your door the door handle represents SC 6 billion pounds of copper 7 million ounces of gold ok you get the picture. The rest of the door we own 100% except the the trim around the the knob and the dead bolt. Oh that is optional. We fly over with at little technology that shows us what the ground holds send it to MIRA for an interpretation to prove that the ground is loaded. 1 to 1 ratio so far. How many hot spots did it hit. Oh 2 to 3 weeks for us to show you now we are in week 7 and no Mira. Not done yet? Oh no we might go back and drill some more after closing up camp. I am phoning Monday to find out if we are drilling or someone else is. I will let you know what I find out. We haven't hit the rich vein yet but give Elmer some time and he will these minerals come from somewhere we are only hitting the peripheral wait until we hit the root. Oh by the way the mineralization has changed in the Discovery zone comes from a different system no Moly Increase in Gold content cha ching. Teck knows this, 20 km trend, Teck stakes 75000 ha around SC, come on folks. Oh we don't shoot protesters or striking miners. We have access to the technology, personal and equipment here in NA. Pretty safe considering the world these days. Close to a port that we have secured rights to storage and is relatively close to a big consumer that just said they would spend 175 billion in the next ten years. That is a lot of infrastructure. Everyone in the world wants a better living standard like lights in a house = copper. Teck is not doing deals for next summer they are looking 10 to 50 years out or at least I hope they are thinking that way. So lets talk economics buy everything for 3 billion plus another 5 billion to build the mine. 8 billion total sell lets say 40 percent for 5 billion or more to another major who wants to be part of the district. Pay back 3 to 5 years for the 5 billion now you have 25 years at X number of dollars which is just SC 2 % of the property. That is a no brainer in terms of economic viability. Teck mines copper at 1.75 a pound and SC can do it for negative four cents according to BMO without silver (100 million ounces). I am pretty confident the BFS is on time they are adamant it will be on time no mistakes this time. By Thanksgiving you will now where this puppy is headed and you will be sitting at dinner looking at your wife/family etc. with a big smile on your inside thinking that you made a life altering investment that took longer than expected and took some heat over it but you never balked and it worked out better that you thought 2 years ago.
Oh I forgot the insiders have been blacked out for over 6 months now. WHY?
Thanks for everyone sharing. Oh just about forgot look at that door again. An opportunity or not only time will tell.
Cheers
Moxam