Re: lets close at .16
in response to
by
posted on
Mar 12, 2015 12:05PM
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%)
Why would EE want to extend the warrents when the price is so much lower now? Well if he is in blackout (not saying he but if) and couldnt purchase shares now he still has his $1 warrents. When the blackout is lifted the pps could be significantly higher and the $1 warrents are in the money and then some.
Capiche?