Re: PDAC March 3 - my notes-Manti
in response to
by
posted on
Mar 03, 2013 10:25PM
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%)
2) Mike said we'll have the biggest ever drill program this year in Schaft Creek.
Great. I hope we announce a $20M drill program at least. Then maybe this will get Teck to move their ass. I`m still in the camp we will be taken out but I agree with the sentiment on this board - we have to stop playing nice guy soon. If Teck is stalling, and right now it looks like that`s how they want to play it, then we need to stop being the nice guy.
After all business is business. As far as metal prices are concerned, many well respected analysts are projecting $5000/oz gold prices and $200 Silver prices within 5 years. All fiat currencies are going down. Stick that into our NPV model. Many countries are aware of this including China. I say we are nuts to give this away for just $2/sh. My 2 cents.