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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 16, 2012 10:14PM
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Sep 17, 2012 04:46AM
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Sep 17, 2012 08:18AM
The 10-15 cents was a napkin calculation with 400 million shares outstanding. Presumably though, they'd consolidate shares after the sale of SC + BC properties. I think this is likely the case. Release a dividend for SC sale, consolidate after and trade at retained cash + any premium that the market gives us for Arizona properties or recently successful management. We can (if we stay after the sale of SC) move more from there. An issue with a dividend is that EE still remains majority SH, which he may or may not want to do. Any way around this without the sale of the whole company?
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Sep 17, 2012 08:49AM
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