Re: Lower Expectations
in response to
by
posted on
Jan 25, 2013 11:09AM
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%)
Its funny how just a few short months ago on BNN Don Lindsey said they expected copper prices to rise significantly over the long term and here they are playing down their expectations by saying "we don't know what the future price is going to be." I would tend to believe their statements on BNN were more revealing as to what they really think as that interview was not talking about future acquisitions in the copper space.