Re: Convention attending
in response to
by
posted on
Apr 16, 2013 04:30PM
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%)
Thanks for clearing that up, I see that logic. I learned something.
My train of thought was that we did pay a pretty penny for the additional Liard shares we bought earlier, so I wasn't assuming they were essentially worthless right now (pre-buyout/backin).
I assumed they could assign a reasonable value to the transferred shares (based on previous sales) and keep that assigned value 2 months later for their return if they bought us out.
I assumed that because this was just a step in a pre-negotiated agreement, they wouldn't have to re-assess value of the shares as it is just procedural. I guess my cautions about assumptions goes both ways...