Re: Lower Expectations
in response to
by
posted on
Jan 25, 2013 04:41PM
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%)
CCY is owned approx. as follows:
Guistra & his Radcliffe 20%
Greenslade and other Board members ~5%%
Accountant007 and Mudguy ~3%
I believe you need 90% of votes to force leftover minorities to sell.
Guistra is like EE, has deep pockets!