Re: Time to Wake up - CEO's history
in response to
by
posted on
Jan 30, 2013 12:44PM
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%)
These were options with a 5 year expiry date. They were extended to roughly 6 years because they were in blackout for almost a year. That makes sense to me. Extending them to 7 years does not make sense. I will be voting against these options at the AGM because they violate the purpose of incentive options in my opinion.