Re: No magic $1.05
posted on
Oct 19, 2012 07:32PM
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%)
If they lower the purchase price I will be furious. It's bad enough that they leave a PP open for this long. It's even worse that Ernesto's warrants never seem to expire.