Re: Perfect Storm about the BFS
in response to
by
posted on
Jan 15, 2012 02:07PM
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%)
The fact that an outside organization will be employed to negotiate is an important point that refutes the contention, by some on this board, that Ernesto will take a lower share price just because he paid so little in the first place.
Our final deal will be a better one precisely because someone outside who is familiar with how to value a property and how to push for more money will be on our side. I sleep better at night knowing that all the little details, like the silver, that we know is there will be included at the bargaining table.