Re: Any Comments? > Copper Fox: Currently Overvalued Even If Schaft Creek Proceeds
posted on
Oct 31, 2013 03:57PM
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%)
This article felt like a kick in the nuts to me. Yes its based on the worst case but is it completely value-less to focus at the worst case once in a while? On the positive side we are getting some coverage. lol