Re: Asset sale in progress?
posted on
Mar 22, 2020 09:55AM
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%)
I'm pretty sure things didn't really play out as fast as he was expecting, but rarely heard a President & CEO start to be negative about the company they operate. Maybe one day, when all this is over, we can go take a beer with him... hopefully more than one... and have him explain in details everything that happened in the last 7 years. lol
PP should close this week. Hopefully not soon after, we will start to get updates. If lucky, maybe a sale or production decision or JV in a near future.
MoneyK