Re: lets close at .16
in response to
by
posted on
Mar 11, 2015 04:54PM
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%)
Remember that these warrants (375,000 or so) are held by small investors who participated in the last offering - $.79 shares plus $1.00 warrants.
It is kind of Elmer and the board to extend them once again.
I would not read much more into the extension, CUU is just assisting the small investors who participated.