Re: Memo to self.....
posted on
Sep 22, 2014 11:13PM
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%)
Glad to you just join this form Sibiu.
The upside form here and what Elmer can do about this.
There is nothing that Elmer can do now with Schaft Creek. This is now in the hands of Teck. Its realy just that simple.
As for our upside....we have to wait to see what Teck will do next. So now we must wait.
As for the blame game.....I ask you look back and read the NR`s.
It was not all that long ago....we bought the Arizona property`s. I phoned the office and asked them "When will we hear something?"
Our SP was dropping all the time.....and yet managment was still loging and looking over the old core samples that were drilled from the old previous company.
Now, I get what they....Elemer had to do....relog the core samples and get them out of a old basement. But this took waaaaaay too much time.
I had asked this very board how long this should take....after all, at the time and maybe still we have many on these blogs that know how long some of this stuff should take becasue this is what they do.
They told me that this should have only took a few short months on the long term....but yet it seems that managment takes too long to get things done, for my likeing anyways.
We all have lost money...yet I must still point out that Elmer and crew still got there money "wages" year after year and in times of when we needed Elmer giving CUU 100% attention.....There goes Elmer working of another company or being on another board for another company.
I`ll ask you now, Do you think Elmer is working quickly on the Arizona properties? Getting them drilled etc....?
From what I understand, we have hardly NO issues on roads difficult terrain etc. So why have we only logged the old core samples and drilled 8 holes?
Many will say, if you dont like it then sell......well I ask you now, sell what? Ive lost huge like many others and everyone now I think will just grumble and complain and wait it out now....Sell ????? Might as well right this thing off as a huge loss because our SP is so low we might as well see where this goes. If this was around a buck. I think you`d see a very different action with our SP transactions.
I know if this were around a buck right now......I do not think I would be here....but at .18 and a half cents. Might as well just wait this out.