Re: Buy-out Price
in response to
by
posted on
Dec 29, 2012 12:52PM
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%)
If there is no market, price = value.
And the market isn't what us retail are buying and selling with our limited understanding (for the most part). It's who the actual deposit (and soon to be mine) will be sold to (i.e. mining majors).