Re: The order of things.
in response to
by
posted on
Nov 02, 2012 03:18PM
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%)
Sure we paid less
But I assure you we paid market... by definition
In general juniors have little or no sources of funds
We can hardly get a buck a share and we are on a proven, shovel ready monster
These guys who don't have an Ernesto can't begin to prove what may, or may not be there, because they can't explore without funds
So, yeah, they are cheap
But the definition of market price is that which a ready willing and able buyer will pay and the seller will accept
It isn't worth more