Re: Not Good - cbew
in response to
by
posted on
Feb 07, 2013 03:21PM
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 tell myself we should at least double from here, so I am still holding. If Elmer really is saying over the phone that 300-500% from here is a real possibilty - then I will be a very happy camper!
First of all I did not talk to Elmer over the phone. I saw him in person at the Convention. He did not imply that we would get 300-500%. In fact he will never comment on what price they would like to get. We were talking about the value of SC and on what basis they would decide how to value it. I asked him if current sp had any bearing on their determination on value and he said absolutely not. Sp did not matter with them as so much as what`s in the ground. Then he gave me examples of companies ( I forget what they were but anybody can phone him and ask) that were taken over at 300-500% their current sp. And these were recent companies not some companies 20 years ago. Hope this clarifies things for people here.