Re: PP - depressing
in response to
by
posted on
Jan 16, 2013 06:24PM
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%)
But why does CUU need money now?? To finance an EA? But assuming Teck backs-in they would pay 100% of these costs.
And offering a full warrant exercisable at $1.00 only available to an insider with a controlling block...pretty apparent they don't have any non-public material information.