Re: Article on Schaft Creek...
in response to
by
posted on
Sep 30, 2015 02:51PM
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 still can't believe CUU has blown through about 95% of the cash they recieved from Teck. I find it mind boggling and wonder if the investment decisions in the past couple of years or the return of investment to shareholders was made by Mr. Stewart or our largest shareholder....
"
I don't believe or see it fair to say we have blown through 95% of the cash. Although technically correct ~1mil/20mil, we also dropped ~11mil on a dividend and although it does still count, it more feels like we burned through ~8 mil and have ~1mil/9mil left. Although that still leaves it at ~89% of the cash burned up.
I do agree the dividend is wierd, I can't see why EE would want it at this time, still makes me believe they knew/still know something we don't as they seem to have zero concern about it.