Re: New buy out / back in pool
in response to
by
posted on
Mar 19, 2013 10:16AM
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%)
That was just a guess, my apologies. Since DM holds a minor fraction of what EE holds I think DM's book value is not as significant as that of EE. At any rate, it is the overall market for projects that is the primary concern and how long folks are prepared to wait to realize a premium price. I can wait. I'm not happy about waiting but I can wait.