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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: My thoughts
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Mar 25, 2013 03:19PM

Dividend? Wha...? I didn't buy and hold CUU paper for all these years for a dividend that won't arrive for another 14 years or longer (2 yrs to start building + 5 yrs to actually start shipping concetrate). Plus the 6.5 yrs to actually pay off the mine and actually show a profit worth justifying a dividend. The taxman is going to want his slice some time too.

What could ANY dividend pay to justify that kind of investment? 100% 200% ?

More and more CUU is dropping hints about JV and no buyout. Elmer told me 'a generation ago' that if CUU changes from the plan of selling the project ASAP that there would be a NR. If they are seriously thinking this play is about a dividend paying us some time 15 years from now they'd better come clean. I'll take Teck shares in a buyout but I'm not going to wait 15 yrs for an imaginary dividend.

A show of hands for anyone who bought CUU paper for a dividend.

Next we are going to hear about a lifetime of free gravel fob Schaft Creek.

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