Re: NEWS
posted on
Nov 25, 2015 09:52PM
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%)
Seriously man, chill out and stop attacking anyone that isn't all exhilerated by this "development".
The news was pretty meh. Sorry if we're not all excited but a PEA with a 110 million NPV on an inferred resource at copper prices 50% higher than today's spot price isn't something that puts dollar signs in my eyes. If it was THAT good you'd all be buying up shares. Nobody here seems interested in buying any more shares (least of all me). We all got in to this investement at higher prices and we all want out. We're tired of throwing good money after bad and not seeing any of the value in the stock unlocked by an asset sale. Management has had almost a decade to sell Schaft creek and no one has pulled the trigger. Now we've moved onto spending the little cash we did get from a JV deal on a bunch of properties no one signed up for. So seriously stop attacking every poster that points out the reality of the situation; what are they going to do bash it down a few more cents? Nobody cares anymore, there's no volume and the market's in the crapper. If you're so convinced the news was amazing go buy some more shares and sit on them for 5 years like the rest of us. Maybe you'd be singing a different tune after watching all the "value" you had on paper evaporate for half a decade.