Re: What Vette said- the flip side of the coin!
in response to
by
posted on
Oct 28, 2012 04:52PM
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%)
Not a businessman in the world would make that deal if he can get more ! PERIOD. Its how they became billionaires. Its how one retains their fortunes. Call it greed if you will, but everyone holding CUU would gladly take a 4,5,6 bagger or more if they have the chance. Besides an independent/impartial judge will review the offer to protect the shareholders. ( I think) Relax, its almost over.