Re: New buy out / back in pool
in response to
by
posted on
Mar 18, 2013 08:48AM
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%)
Nothing mathematical in my guess. I am just basing it on two statements that ES has apparently made ( one to Vette)
i) nobody will be left behind (to me this implies that it will be above the all time high of $2.75)
ii) apparently ES scoffed when vette questioned him about the $3.50 liquidity being discussed on the board ( although i do realized this could be taken two way )
So, seeing how this just a guess I will guess at $4.25 for SC plus all the added value of lands transmission lines and port.
GLTA