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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%)

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Message: Re: Dividends
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Sep 17, 2012 12:57AM

If they want 40 million for continuing exploration that's about 10 cents a share, which would be a small slice of the money from the sale of SC. Those who don't want to be in on the Arizona project could then sell their cuu, and hopefully get back the 10 cents, maybe more if copper fox is in the news, having made a bunch of millionaires and one billionaire.

I don't recall the reference to 10 to 15 cents a share max. Would that be if they sold it without much exploration? Given that it's 100% ours, and seems to have some high grades, and Elmer thinks there is a big porphyry down there, it would seem that there is potential for much higher prices than that. At this early stage who could say what a reasonable price would be, but I'm sure Elmer and Ernesto wouldn't mess with it unless the potential was there for much more.


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