Re: Spoke to Elmer
in response to
by
posted on
Dec 12, 2012 01:11PM
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%)
I can confirm. Just spoke to Elmer.
Said ''we're a hair's breadth away'' and yes Before Christmas. His mood was similar to Mikes's yesterday. very very happy.
We had a great discussion about Cobre Panama....Look it up. Their NPV was 1.5 Billion and got valued at 10.9 Billion....no gold, no moly....same silver....
http://www.northernminer.com/news/inmet-rejects-first-quantums-takeover-bid/1001915053/