Re: What Vette said- the flip side of the coin!
posted on
Oct 28, 2012 10:15PM
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 he had exercised the out-of-the-money options, would the co have needed to do the just-completed placement which he got, with options, at a lower cost than the expired options? EE isn't a charity. He did well on options/pp and willo do well on the sale of sc or cuu.