Re: CUU 's sc true value?
posted on
Jan 13, 2014 05:11PM
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%)
No need to explain it to me again. You and I will never agree on that point but at least we can state our views which was impossible some time ago
I would say that this forum has matured in that respect and kudos for allowing some spirited debate.
I would point out that the agreement was written by Teck and would have been gone over
with a fine tooth comb by the legal departments of both parties before dotting the i's and
crossing the t's.
If contested I doubt that Teck would have had much of a leg to stand on.
You don't throw out legal binding agreements simply because they are old especially
after displaying them on your website and in which people did their due diligence
basing investment decisions on such.
I don't count my lucky stars for this new agreement but I do count the vastly diminished
value of my cuu shares every time i log in every day.
Only the fullness of time will determine if we realize the value we once thought was a no
brainer.
I have been a seller a few months back at $.55 and $.34 last week.
I have 34,350 shares left out of about 77,000 I once held.
Once I divulge myself of those and I have no time table as I am prepared to wait a few
more months, I will file this under bone head investments and move on.