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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%)

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Message: Re: financials
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Feb 27, 2015 06:18PM
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Mar 02, 2015 12:48PM
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Mar 02, 2015 01:38PM
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Mar 02, 2015 01:42PM

Mar 02, 2015 01:44PM

As much as I want that to happen. It's a pretty bold statement to say VD will be sold before we need any money.

This is how I view the upcoming cash flows for CUU.

1. Tax credit of $3.3 (from my memory) million. Appealing for up to $4.2 million.

2. VD expense of PEA or drilling + PEA. Sell VD at $x.

3. Sell SC at $x.

4. Spinoff Desert Fox and Northern Fox for $x and have EE fund the the operations.

5. Sell Somberto. This asset seems to be forgotten. We can always sell this down the road when the market turns out better.

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