Re: Buy-out Price
in response to
by
posted on
Dec 29, 2012 09:55AM
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%)
My first sentence was somewhat out of line. It didn't take me anytime to dig up your post. I have a good memory.
So do I. But for the record, even my CUU Blog post says $4-$5 and I created it in April.
Again it was based on the Quellaveco deal (for 18%), a similar deposit to Schaft Creek without all the good stuff.