Re: Right by the xxxxs
in response to
by
posted on
Feb 09, 2013 04:01PM
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%)
Good post MET, the truth is, it is feasable to mine at the reasonable 8% discount and would be recognized as such by other majors.
MES earlier said, the value is there, so the only risk is a time risk. He's absolutely right.
It's not the co's fault that over time, I kept selling other investments and putting the money into CUU..It' my fault, as I have to raise a fair bit of money in the next few months, because I should have planned a contingency fund as the need for cash was predictable.
I could complain, and sometimes have, re. the missed deadlines, but taking the co. to where we are is harder to do than to say.
So I'm a little more at peace now, the value is there, I'll pare back a little and deal with the time risk if it should go on for longer than I originally thought, or hoped........chunky