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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%)

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Message: Re: Elm on the helm
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Feb 05, 2013 01:34PM
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Feb 05, 2013 02:14PM

This begs the question as to whether the "stingy" rumors about Ernesto are true and that meant that Elmer's hands were tied from drilling as much as he'd like. We don't know. Still trying to explain a few mysteries.

Yes, I have a theory. Even though we had a good banker his pocketbook and cashflow is not unlimited. We got the money but only chunks of it at 4M at a time. This limits what one can do since our drill season only lasts 4-6 months.

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Feb 05, 2013 02:21PM
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