Re: Elmer - Exercise of options
in response to
by
posted on
Jun 24, 2014 01:55PM
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%)
Sorry.
It still means something though.
Maybe it is the spinoff coming? I don't think he could have taken those options and used them for a spinoff if he hadn't first bought them.
Those AZ drill results should be along soon, and following that will be the PEA. It is possible they are contemplating the spinoff afterwards regardless what is happening with SC.