Re: BFS Release Completion and Delivery
in response to
by
posted on
Sep 20, 2012 05:56PM
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 believe we are still a week away from the end of September.
And from the past 2-3 NR, it has consistently said "The results of the feasibility study for the Schaft Creek project are expected to be delivered in September 2012."
It doesn't say whether they are expecting to annouce FS in September.
It can mean they are expecting to receive it in Septmeber.
Everyone needs to chill and take a look at what we have in Schaft Creek. Look at how much money insiders has put in. Look at all the warrants/options made to rewards management. Look at the price for those.
If you can live with facing these risks in CF, I suggest you sell and go invest in a GIC.