Re: Question For Vette
posted on
Nov 26, 2012 06:33PM
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%)
golfyeti, not looking for sympathy, but I differ with your interpretation of the coming Long Term capital gains tax increase in the US. (and it WILL happen, fiscal cliff or not) Obama is not signing any extension of the current capital gains structure. I tried to include a table here but couldn't get the cut and paste to work right. Bottom line is that for folks paying taxes in the 10/15/25 brackets, it's a doubling of the LT cap gains tax or more. For those more affluent (paying most taxes in the 30+ tax brackets), it's not as big of a percentage change.
Here's why it pertains to CUU: it's making some US investors pretty antsy. I've been here since 2007 and can deal with 2013. Sounds like some other folks are getting to the end of their patience.