Re: So much for those who say CUU always sells off on news....not so
in response to
by
posted on
Sep 11, 2014 08:47PM
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%)
I agree. CUU is part of the strong ones that remain. We have enough cash, we obtain a few additional projects. And our gem is going to get monetized.
We do need to be patient but every long here on this board is already a very patient person already. We've waited years for this story to end.
I truely believe that Teck may not be as patient as we are as they need to start one of their copper projects in their pipeline. Especially when a lot of producers are seeing deficits in copper over the next years. They can't rely their earning powers on coal for too long anyways.