Re: A CUU liquidity event will happen - whether there is a CUU2 or not
in response to
by
posted on
Nov 02, 2012 01:29PM
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%)
Personally, I would have prefered the Arizona properties to be picked up by BXX, so Elmer could have devoted his complete post-CUU attention there. But I'm in both CUU and BXX because I feel he knows his business.
I agree the man is spread very thin and his duties must be taxing. But when it comes to finding copper he's like a Hound on Fox. I believe and trust Elmer, after talking with him on the phone a couple of months ago I got the fealing that the end result may be a merger of the two Co's.
When the timing is right CUU & CUU2 will fly as will BXX