Re: My one concern....question for the board
in response to
by
posted on
Jul 29, 2013 09:40AM
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%)
We have no assurance that this project will ever get built. That is by far the greatest risk with this invesment. If they can improve the economics then we will get built. If not, it might sit idle for another 20 years.