CUU "math problem"....
in response to
by
posted on
Jan 15, 2014 11:58AM
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 a canadian gold co. with 450mil. shares & 10.1mil. oz. Au (+ potential) states:
G unsoliciited offer of approx. $5.80/sh for OSK "grossly under value and opportunistic"- what therefore is CUU worth/ sh? where CUU has 425 mil shares....
- (for detailed calc. aid, please see metals estimates below the banner at top of this page)....
ok jmo
sb