Re: Investing 101
in response to
by
posted on
Jan 17, 2013 12:27PM
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%)
I agree that the dilution argument does not stand. However, this is precisely why there are advantages and disadvantages to having a single billionaire shareholder with majority interest. EE can steer the ship to his advantage.
Herein lies the primary reason why we do not get large institutions investing in CUU.