Re: Email reply from Elmer
in response to
by
posted on
Oct 01, 2021 03:38PM
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 wanted to retire years ago, but he's still there for a reason and I doubt it's for the paycheck every two weeks like some have suggested. Frankly, 360K per year to wear 3 hats (if not more) is far from being outrageous.
Yes, he does have a conservative approach. Yes, he might not be the best promotor. However, in my opinion, what we need right now is a very good geologist to extract the maximum value out of these properties and that's exactly what he's been doing sucessfully with very limited resources.
MoneyK