Re: My thoughts/opinions on why CUU is down
in response to
by
posted on
Aug 22, 2014 01:53AM
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%)
I guess explained it poorly.
Yes CUU does pay for the cost but it'll be through the mine.
I wouldn't use co signing a car as an example.
Instead of first car, say the kid was able to own a piece of property. The parents arrange financing so a house can be built on the property. The rent from the house will pay for the construction cost. It'll take 5 years.
What I meant is that CUU does not have to do another private placement to fund the construction cost. Teck will arrange financing for us. CUU can literally sit there and wait for the money to come in. That's why Youngmoney today said production decision is so important as a catalyst for CUU.