Drilling and Blackout:
posted on
Sep 14, 2012 05:11PM
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%)
Had another lenghty talk with Elmer yesterday.
No drills are going back to Schaft Creek!!! In fact he is gearing up to do some work on Sombrero Butte project. CUU needs to start spending money on the project. They don't need to, but Elmer wants to.
Yes, Elmer is stilll in blackout. He's been in blackout for so long, he can't even remember the last time he wasn't...lol.
Elmer did give me an outlook on how each director/insiders is affected by the blackout. I won't really get deep into that unless you guys need the breakdown (which we almost all already know)............One thing--- Elmer said that when National is buying "it doesn't mean David is buying". National clears for alot of houses. Just check the Sedi Info for insiders.
Have a great weekend and see you all next week!!!