Re: The order of things.
in response to
by
posted on
Nov 02, 2012 01:05PM
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%)
Prospekt: Elmer advised me that CUU got the AZ lands at very small price compared to what Bell Copper had to pay. It was a distress sale from what I understand. The way it was put to me is that many juniors have not had the luxury of having a private source of funding like Senor Ernesto and consequently they are required to sell off their assets. Cheers, SF