Re: Partner probably funding the whole thing? Prospekt. - YN
in response to
by
posted on
Jan 04, 2013 07:11AM
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%)
This is true. EE did not participate to the last PPs to bring is ACS Average Cost per Share up. He did not accept to pour another few million bucks just to get nothing from it. Juniors are risky and IMO he has a good sense of what the end game will look like and was told by ES that he will be well rewarded. Dido for DM.