Re: PP - depressing
in response to
by
posted on
Jan 16, 2013 07:33PM
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%)
''Then why did they stop drilling last summer?''
That is a good question and I have no clue why. Elmer stated some reasons on the call and some were technical difficulties. I still believe we should have drilled myself.
Maybe thats part of their negotiating strategy (for the PP and extensions).
We are here scaremongering about our tfsas in our living room while these guys have their whole career, reputation and multiple millions on the line.
With all their experience I can't wrap my head around the possiblity that they would manage their exit strategy like dummies.