Re: Question for the board
posted on
Apr 02, 2016 06:05PM
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%)
Obviously by your long winded post you never called the office, never talked to Elmer. Rather than pass judgement based on hearsay, you should at least call Elmer once and talk to him directly and see for yourself if he dispenses "overly optimistic information" over the phone.
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The question wasn't meant to offend anyone, I want anyone's take on it no matter what their position on it is. I offered my opinion and wondered if anyone agreed (or disagreed too). Thanks for your response. I may very well be alone on this...
For the record, I have called him 3 times (a couple before and once after the BFS dropped).
I did buy more shares before the BFS based on the call. I bought them - he didn't make me, it was my decision of course. He didn't say anything that would be insider information or material information, but really "sold" me on the strength of the project, the value of the Salazar Agreement, Teck backing in, and if I remember correctly (it was a while ago) the gold, silver etc will make the copper mining costs free or better (negative cost copper).
He had a contagious optimism that good things were about to happen.
The third call was shortly before the 120 days were up. He couldn't say anything specific of course, but I was led to believe things were going very well - very optimistic and encouraging.
In my case, things turned out much differently than what I expected - both the botched BFS with unproven waste and the flushing of the Salazar blindsided me.
Would I have been better off if I wasn't able to call? In my opinion a definate yes.
From the responses so far, it seems I am in the minority here though.