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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%)

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Message: Re: Big Offering Coming?
11
May 05, 2012 01:33PM

Yes, I have been speculating that the major funding might be in the form of that short-form prospectus.

I have been trying to think why they would need a large sum of money, but I'm wondering if it makes sense to have a large war-chest when we put ourselves up for sale? Is there a reason a potential buyer might be happier if we went to the market to get funds before the buyout, and had some good money in the bank?

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May 05, 2012 03:57PM
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