Re: September's running out fast - JayJ
in response to
by
posted on
Sep 17, 2012 05:27PM
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%)
The short term price of copper has very little to do with our current stock price. We are still at the exploration stage and actual copper mining is many years away. Hopefully it will be mined by tech or any other large cap that sees the value and buys us out, but not at this outragous bargain price.