Re: possible buyout scenario.
in response to
by
posted on
Jun 25, 2020 04:15PM
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%)
It seems that every spring we argue and fight over which company is going to buy us out and how many multiples of our share price the lucky purchaser is going to pay. Over the last 9 years not much of anything has happened let alone a buyout and even with that, CUU does not seem to be able to accomplish what they say they are going to do in the time frame they say they say are going to do it. My moto with this company is:
"Believe nothing that you hear and only half of what you actually see."
So far, even that seems to have been optomistic...