Re: My thoughts
in response to
by
posted on
Mar 25, 2013 07:32PM
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%)
I'm in my twenties and I wouldn't want this. This would be the opposite of what I invested in. I wanted something with a big return today, not a constant stream years from now. I would have invested elsewhere, or I would invest in CUU when they're closer to production/payback period - not today. I'm annoyed at the current opportunity cost, 4-10 years would be unbearable.