Re: TIME FOR A NEW STRATEGY
posted on
Feb 04, 2020 03:32PM
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%)
Gold projects get valuated at 5%. Gold is 1/3 of our our revenues. So I don't see us getting anything better than possibly 7%.
MoneyK