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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%)

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Message: Re: Director Thinks CUU is a Bargain

I think you may check the math there Pat, $2 average, add some at $1.50 and you end up with an average of $1.16??

That equation doesn't work - it doesn't work that way at all. You have to take into consideration the number of shares at each price bought.

I think his average was posted a while back that it was 25 - 30 cents. My memory may be wrong though. His buying is surely bringing his average up. Even though he did buy some in the high $2's during the peak, he had huge numbers of shares really cheap.

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