Re: ..Who is selling? Question
in response to
by
posted on
Jan 09, 2013 01:28PM
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%)
Thanks for relating the detail explanation from Elmer and it all makes sense; only if:
As an experienced geologist and mining executive, he is satisfied that the "limited drilling" we had, in conjunction with the arial survey, is sufficient for TCK to adequately evaluate the potential of SC and the disctrict and to unlock value for CUU shareholders. Otherwise, the calling off of the drilling and the attempt to save money would be counter-productive and detrimental to CUU shareholders. Let's hope he made the right call! JMO