Re: What Vette said- the flip side of the coin!
posted on
Oct 28, 2012 04:34PM
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%)
Fact; Pounds = Price (As has been stated Numerous Times here).....
Old Red Herring Time again!!
EE & Co are not waiting just to Swap $'s WE will get the going Rate for Safe Jurisdiction, LOw to Zero Cost of Production, Huge Multi-metal Deposit, un-tapped Potential, Power to Site, Future JV, Shipping Storage etc.
PLUS:
Many Insider Shares are not Cost Covered until the $ 2.60 Mark, Employee Options are at $1.60+ (don't have exact Price).
SB