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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: EE's investment, what does it really mean?

If EE thought he was only going to get 0.75 per share in a buy out then why not sell some of his stock when the priced reached $2.75 last year? Or why not sell some now at 1.20 a few weeks ago to raise some money to do the financing at $1.15? The fact of the matter is EE has committed NEW money into this. EE selling could have easily drove the price down below 0.75 so that pp levels would be more in line with a buy out value of 0.75. The fact of the matter is EE has continued funding this with new money ( not old money that he could of raised by selling off some of his stock ) and this shows alot of confidence that he is going to get much more in the end when a deal is made. My 2 cents.

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Oct 29, 2012 05:35PM
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Oct 29, 2012 05:58PM
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