Re: Drilling and Blackout:
in response to
by
posted on
Sep 14, 2012 10:44PM
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%)
Totally agree with you
I will not follow CUU to Arizona
That is a barrel of snakes and given the roller coaster we have had where there is relatively smooth sailing...not worth the grief
Do not fool yourself
Water is critical in Arizona and any new user will be subject to a knock down drag out to acquire rights
I understand that CUU is an explorer and the continuing requirement for water wil be on the mine developer
..but the price you may get for a property in that environment will reflect that fact