Re: Toronto show
posted on
Sep 27, 2012 12:37PM
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%)
Either a lump sum or mix of cash and shares; then we’ll have a share roll-back, probably 10:1, and do this all over somewhere else.
I like this CUU 2 so basically we get a payout and then free shares. Beauty. As well, no drilling I sense from the answer the talks revolve around everything for a fair price.
Thanks Iltea for sharing.
Reveiwing has started look out. Why only 20000 shares traded so close?