Re: New video- fair value $2 with outdated economics
in response to
by
posted on
Aug 20, 2024 08:38AM
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 feel your pain. It's also been a long journey for me. We all want it to end with the best possible outcome. My comments were predicated on the assumption that with $25-40 million even ES could improve the remaining assets in 2-3 years and get the company sold for a fair value.
However on reflection I think you are correct. ES and EE would probably blow the surplus on more marginal assets and pass them on to their grandchildren.
Get SC sold and hope the sp goes up enough to cash out "soon".