Re: So much for those who say CUU always sells off on news....not so
posted on
Sep 12, 2014 04:46PM
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%)
CG we will know how good the deal is once we monotize it... its too early to tell and everything is speculation until the deal is done and we are no longer shareholders of 25% of schaft creek. Who knows, at the end of the day once a deal is reached you might think Elmer is a Genius and you will want to be best friends with him....