Re: Looks like it will have to be tomorrow
posted on
Mar 28, 2013 03:32PM
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%)
45 billion yen on buying stakes in copper and other metal deposits to expand its resource base,
FYI: 45 Billion Yen sounds like a lot but it is equivalent to $477 Million US Dollars. That could buy imo about a 5-10% stake in the SC project
Ya know golfyeti I just got caught up in that big number 45 billion that I never really looked at the convertion.
Now that 477 Million (converted) for 5-10% of Shaft Creek provided if they invest the whole amount in CUU ,sure doesn`t buy much.