Re: Questions for CUU
in response to
by
posted on
Dec 10, 2012 08:37PM
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%)
How can you assign a $2 to $2.50 minimum without seeing the BFS numbers? The entire value of the company hinges on those numbers.
If the BFS shows we are worth $5 and we sell for half of that, I can understand considering legal options (although the company would surely have covered legal grounds before signing a deal). However, if the BFS shows we are worth less than $2, what grounds would you have for a lawsuit?
Companies can't be sued for having disappointing numbers. They can be sued if it turns out they are hiding damaging material information or that they have intentionally misled shareholders, but this is not the same as having disappointing results.