Re: Spoke to Cathy
in response to
by
posted on
Nov 13, 2013 09:10AM
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%)
It depends on the point of view. If your average buying price was 1.50$ and you bought 3 years ago, and you now say in 5 years you would get 2$. Its far from a good investment overall.
If you look at today's SP only, yes it could be worth it to quadruple in 5 years. but are there other investments out there that could pay even more or that are better chances of success? Just saying