Re: Here is what I think :) My 2 Cents :)
in response to
by
posted on
Apr 15, 2016 03:19PM
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%)
The sad thing is, even if it does get reversed, the scar left on the faces of Carmax mgmt over this blunder will be there for years, as shareholders ponder what the next blunder will be, and when it will come.