Re: Drill program: Opinions
posted on
May 01, 2013 10:43AM
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%)
Ok, what if we don't get a buy-out or back-in before the plan? How do you start spending back-in money that you don't officially have? The buy-out is what we all hope for, but it could be later in the year. Where do we get the funds? If EE funds, we are the ones taking the hit. The dilution will be on us little investors' dime. All this to get to our 2-3 year high of 2.75$ + a %?