Re: My one concern....question for the board
in response to
by
posted on
Jul 29, 2013 12:07PM
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."
That would be true IF CUU management made a decission to take this to that stage (i.e., mine), but as far as I know they still want to sell. So the greatest risk in short term would be lack of interest for our 25% by another entity. If the metal market bounces this risk will surely decrease.