Re: The order of things.
in response to
by
posted on
Nov 02, 2012 12:54PM
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 AZ lands came at a bargain basement price and I'm glad that Elmer grabbed the opportunity.
How do you know that they were a bargain basement price? How are you valuing the properties? What value per CUU share do you think they are worth?
I can't really make the decision right now what I'm going to do with my shares post-Schaft, but it will be interesting to see what the retained value will be, or what the share price will be after it is reduced 10:1.