Re: Not Good - Russ
in response to
by
posted on
Feb 07, 2013 11:01AM
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 we don't get a buyout soon there will be some on this board suggesting we just pay Teck to take this POS deposit off our hands.
I just can't see EE and ES putting anymore time into this if they think we are only going to get $1.50 per share.
I am still hopefull for over $4.00 per share.