Re: What Vette said- the flip side of the coin!
posted on
Oct 28, 2012 04:26PM
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%)
It doesn't matter what he paid for in the beginning. What matters is the 30 million he decided to just throw into the project over the last year while I'm sure he had alot more information on the project and as it became in his mind alot less risky to continue financing cuu. And what about that McDo guy again...?