Re: The order of things.
in response to
by
posted on
Nov 02, 2012 01:28PM
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%)
When I make a lot of money on CUU I want it to be because I did a lot of DD and looked at the hard facts of the project. I want it to be because I did the proper assessment of the drill results and the associated costs and the geopolitical situation. I don't want to make a lot of money because management told me it was a bargain and I happened to believe them. It's important to me that I understand the project. So, going forward to Arizona, I would like to establish a value based on some sort of empirical evidence. Granted, good management is very important and after the sale of Schaft Creek their value will have risen tremendously.