Re: From today's NR
in response to
by
posted on
Apr 17, 2015 01:13PM
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%)
hoghead, I'll try to help and simplify the view on the company right now.
I feel you're complicating things and your massive wording and questioning doesn't help either.
$4 million cash.
-$1.2 million expenses.
-$750k VD.
-$2 million or so, but I think your figure of $2.25 is correct because we already incurred some of the expenses already for this year.
Anyways, assuming we take out $1.2 million for next year, we would have roughly $800k left to invest into CUU's projects.
At the moment, we don't know what's going to happen. We only know we are going ahead with the PEA at VD. We don't have a budget for Carmax, so we can't give you a number.
And no, I don't think money in the coffers will help with SP. I'm a shareholder in Levon, and they were trading at their cash level before. The "market" actually think their Cadero project was worth nil.
I understand the time pressure and all, and that Teck can take their time and we will run out of cash. I've been trying to tell everyone here that you need to look into the bigger picture.
Teck is looking at the bigger picture. Do you know how much cash flow SC generates a year? If SC is truly the project we see, I'm sure Teck will want to get this project going soon.
The stuff you say isn't taboo hoghead. You just ask questions none of us can help you with. We can only suggest you to contact the office and find out the information yourself.