posted on
Nov 02, 2012 02:27PM
I know I didn't start this thread, but since I did talk to Elmer about this I recollect that the properties were too good of an opportunity to pass on.
I'm only going from what I remember based on our conversation shortly after the AZ purchase announcement. That said- I recall something like this.... We got the properties for something like 1.5 cents of copper in the ground and the actual value is something like 3.5 or 4 cents of copper.
My numbers may not be accurate, but the point I'm trying to make is Elmer said we paid way below what the property is worth. 'Too good to pass on' was his words.
I don't know what I'll do about staying invested in the AZ properties. It really depends on the outcome of a liquidity event.
Glta