Re: Buy-out Price
in response to
by
posted on
Dec 29, 2012 02:46PM
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%)
IMO the junior market is more of a game between Traders and Longs who actually take the time to DD the company, and as long as there is asymmetry of information, it will be easy for day traders to flip and MMs to keep the sp under control and that's where we've been stuck for months now. Once the information balance start moving in favor of what the sp should really indicate, which is the value of our current assets and its potential and the value of all the futur cash-flows, we will get our fair price.