Re: 171m tonnes, drills pulled Liddy
in response to
by
posted on
Jan 02, 2013 12:01PM
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%)
Yes, but it's a damn shame I could buy more at todays price than for the past 2 years and we're closer than ever and have more value than ever. All that wasted opportunity cost. We'll still get what we're worth at the end of the day but as the saying goes "The market can stay irrational longer tan you can stay solvent".
I'm not concerned at how the day to day share price will effect the buyout price. If the shareprice was what mattered, then the best value for money spent wouldn't be drills, or MIRA or PR or engineering reports. It would be a market order for several million shares. But, we know that the share price doesn't matter in a buyout, it's the value that's there - whether it's recognized by the market or otherwise.