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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: Sombrero Butte project.
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Jul 09, 2012 02:37PM
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"...I was hoping to get TCK shares for our cash accts. for tax reasons, but if CUU is divesting it's Canadian interests, it would probably be for cash deposited into its treasury and then, after keeping a sum for the co., be dividended to the shareholders... no tax planning...."

I wouldn't jump to that conclusion!

Just because CUU bought some US assets does not dictate that it will be paid out in cash and not TCK shares.; those two things are quite independent of each other.

I doubt we would find out in the AGM; we would find out when TCK makes the offer; it's more TCK's decision and not so much CUU's.

I'll take either, if the dollar equivalent is good! JMO GLTA!

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Jul 09, 2012 09:40PM
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