Re: Asset sale in progress?
posted on
Mar 22, 2020 02:14PM
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%)
Elmer has the new numbers upon which he can place an updated valuation. Now he needs to announce what action he is taking with the 2019 study report. The market needs to hear that the last 7 years have not been wasted. Announcements on PP closings have always been separate from corporate/JV updates, so there's no need to wait on that. He does need to get the JV update right. It will be the most important result since the formation of the JV.