Re: Some serious chunks
in response to
by
posted on
Mar 17, 2021 12:10PM
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 curious what is the position of "Bashers"? Why do you think that this is over-hyped?
I get that we have been burned by the long wait and many blame CUU management for that. I do think that they were also caught by factors out of their control - such as in the downturn of metal prices. Are not most of those factors a lot better now than they have been?
I get that selling our assets may take longer than we hope. Do some really think that these assets will never sell? Do you think that CUU management is too greedy so that the asking price will be too hight and they will not make a deal?
Or do "bashers" think the assets are not worth anything near what the PEA state? If you don't like the $400-$600 million suggested by some recent posters - what do you think it is worth?
Just trying to understand what "bashers" don't like. Maybe they are quiet because they don't much to say.