Re: TIME FOR A NEW STRATEGY
in response to
by
posted on
Feb 06, 2020 05:25PM
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%)
Nobody is promoting to sell for less than what it's worth, but have to define what it's really worth and might need to acecpt some facts... if ever we see some numbers. 500M to 800M could be what 25% of Schaft Creek 1 is worth. After, Copper Fox can negociate incrementals... same as Teck did with Sumitomo.
MoneyK