Re: So much for those who say CUU always sells off on news....not so
in response to
by
posted on
Sep 11, 2014 06:42PM
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%)
In my opinion, all this pressure on small companies is part of a normal cycle for majors to buy explorer at really really big discounts.
Once the cycle will be completed, the ones remaining will be stronger then before.
CUU is part of the strong ones. We've been purchasing cheap asset, not surviving.
We just need to be patient!
MoneyK