Re: SP Premiums
in response to
by
posted on
Feb 07, 2013 04:32PM
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%)
Thanks MetaComet, cbew and Chappy (Calvin too) for opening my eyes to this additional value that I wasn't considering. That makes sense and I can see higher valuations due to your reasonings.
I feel better about my investment now and see that $1.50 is not a realistic selling price. I can see $3 as realistic and who knows maybe better?
That is the value of discussion here, some of us may not be considering all the angles, and without debate - these angles won't come to light. Some may be annoyed by different sides of the coin being discussed, but how else do we find the truth?
Some may have considered me a basher, but I am not. I had a flawed perspective that has been corrected. Thanks!
HogHead