Re: Both Sides of the Picture
in response to
by
posted on
Feb 11, 2012 04:08PM
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 am no geologist, but one thing to remember when comparing our drilling record and reporting the results with other companies that seemed to have well outdrilled and outreported us is the geology of the deposit and the depth to which the drills were taken. And lets not forget the back in agreement with TECK, that in itself is a key driver the controls the direction of what CUU management does and does not do. The exit strategy is a buyout, always was and always will be, and no other junior (to be honest to consider CUU as a junior exploration comapny at this stage of the game seems a bit silly to me) to my knowledge is in the same boat as CUU.