Re: News out. So Desktop study completed?
in response to
by
posted on
Nov 29, 2021 04:34PM
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%)
They can easily play with words and sell the entire company for 840M without anyone really knowing where the value is coming from.
E.G. 500M from SC, 200M from VD and 140M from the rest
That would give the impression they sold the company for 100% of the NAV, as other properties have no established value supported by a 43-101.
MoneyK