Re: do not get it
in response to
by
posted on
Apr 11, 2014 11:11AM
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%)
Because buying back 1% of the outstanding shares does nothing.
Buying 40% of a deposit with enough options to have a controlling interest is something.
I like the acquisition... I'd like a bit more commentary on how this piece fits into the puzzle though.