Re: What Vette said- the flip side of the coin! simc1
posted on
Oct 28, 2012 10:48PM
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%)
My understanding is CUU has no further cash requirements at this time.
You may call Jason, Elmer or Mike to confirm as I did last week.
nuf said..........check your brokers insider trading reports for further confirmation of recent entry points of officers & directors. It is all in the public record......Many, many of their recent buys are at levels more than 10% or so higher than Fridays close.....
IMHO your entry level is safer then you could ever imagine.
Kahuna