Re: Elmer - Exercise of options
in response to
by
posted on
Jun 24, 2014 09:47AM
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%)
ok so now that he exercised his options. Does Elmer need to hold for a period of time or can he sell them on the open market right away (let them vest)? Or is he interested in getting the extra dollars for the next 20 million from Teck when they declare going ahead with mine construction?
What a riddle..
Chees