Re: Don Lindsay on BNN Friday at 5:30 PM Eastern
posted on
Mar 23, 2015 02:41PM
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%)
Well as you say, I also doubt this is the way they would construct SC if they choose too, but you do never know. I guess I wouldn't be dissappointed with that situation, but I am playing of the sides of that fence, regular shareholders might be more opposided to it. It is a decent amount of money though and could pick up something in this cheap market.