Re: lets close at .16
posted on
Mar 12, 2015 09:13AM
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 wouldn't say I am excited, it doesn't mean much in my opinion. Although it would take believing what someone said, but if they area fairly easy to extend i don't see how it means anything. Some might say, well they expect to get over a buck, I don't see why that is the case. If it is a small effort to extend them why wouldn't you, regardless of what you might get you could potentally have a bunch of shares extra, if its under a buck well I guess you wasted the two hours or what ever applying for the extension.
I do kind of agree that they shouldn't have been extended, two years now? Why should they be? Isn't that the type of risk involved in a private placement that is present and why I need to get myself accreditited to take part in? Even if it is all EE's, as I said before it is technically a negative to myself or any shareholder as the fully dilluted count stays higher (yea I know its a small drop in a bucket, but still).