Re: Buy-out Price
posted on
Dec 29, 2012 10:26AM
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%)
Come on
The buyout price, if any, has always been a moving target
I doubt if the principals have a very good idea of what it might be at this point
All of us, vette included can only read the tea leaves as best we can and try and make educated guesses
We can't try and hold someone to those educated guesses simply cause they are better educated
Nobody in the group we rely on is intentionally blowing smoke