Re: how far Elmer can go before raising next fund?
in response to
by
posted on
Jan 09, 2014 04:03PM
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%)
if we are all such realist maybe it will go to .005 and teck will buy us out at .01 which is 100% gains from .005 but most bashes dont believe in 100% buyouts so we will probably get bought out at .007 / share. I'm sure Ernesto, David, Elmer, Mike will all high five each other and bust out Mumm's Champagne.