Re: Newmont acquires GT Gold Corp
in response to
by
posted on
Mar 11, 2021 01:58PM
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%)
Going to be interesting few weeks ahead! Could be our share price driver event.
VD decision. Will they sell it? Will they spin it off and raise money to further derisk? I would prefer they sell it to BHP or local major in AZ.
This option would allow shareholders to get a special dividend in which case would allow us to reinvest our proceeds back into Cuu for further profits from the next sale....the SC project!