Re: CUU 's sc true value?
in response to
by
posted on
Jan 14, 2014 10:34AM
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%)
Yep GUY, Guyana Gold was $10 (2.33now), and SMF, Semafo was up to $14 (3.29now). Luckily I sold my SMF at $11 when it started down. I got in both for less than $1. GUY @.87 and SMF @ .94 And that is just a small sample of gold stocks. Silver stocks have reflected the drop to, with the price of silver dropping 50% from $40 to $19-20/oz.
So you can see what a ride the gold stocks have given investors. For some it has been a good ride!