Re: Buy-out Price
in response to
by
posted on
Dec 29, 2012 08:35AM
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%)
Vette, I was just wondering now that the BFS has been released and the dust is beginning to settle would you like to offer your opinion on the price for the buy-out and I say buy-out because it seems most posters are inclined that way?
My opinion didn't change. I've always said between $4 and $5. One of our insiders owns 55% of the total float, he'll have the final word. You can forget about anything under $3.