Re: SA Article
in response to
by
posted on
Mar 26, 2015 04:28PM
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%)
Well as I said I couldn't get into the article, even incognito mode. So it's not like I had that luxary, otherwise I would have.
You do have that luxury. It's free to register. I used seekingalpha for investing ideas long before Copper Fox.
I'm not going to bother going through your math in detail.
We don't have exact amount of what the current cash balance is before tax refund. What the balance is now.
We don't know exactly how much G&A is going to be for this year. We don't know exactly how much VD, Carmax, and SB will cost this year. We don't have all the numbers to really figure out how many years we have to last through. My argument was merely to point out the content of the author on SA.
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Anyway it just seemed off to me at first, but as we were talking I was remembering we did have a tad more than just the refund. Either way as I said I didn't know the cost of VD PEA (maybe it is over 2mil and that is a big difference)(although I guess that was in the article, but who is to trust this article/once again I couldn't actually read it). Now I question if the office said 750k, seems more like we are pulling that from the article which doesn't have the strongest credability. If the office actually said this, good, otherwise who knows where the number actually came from.
Along with that there is also that beast Carmax, but maybe we won't need to spend anything on them this year.
So I guess we can say roughly 3 years + THIS years work. If we wan't to do anymore work next year or anything on top of VD PEA and a SB survey we will be chopping away at that 3 year. This is also assuming the costs of 750k/300k are enough for a VD PEA and SB survey respectivly.
Honestly, I am less worried about my personal credability than uncovering the truth in any situation. I often say correct me if I am wrong or present things I am unsure about fairly clearly to allow someone to jump in who knows the correct information. I have no problem being wrong, but I won't accept that without the proof. This really wasn't the best situation for that, but as I said it just seemed off from what was before.
Another TRUTH detective who doesn't bother calling the office to find out what the PEA cost is but instead throws out random numbers saying it could be $2 million. Sibiu jumped in and said it was $750k. Do you feel corrected? Or do you want more proof?
Like I said before, go dig a little deeper and call the office to see if sibiu is right or if sibiu took the number from the article. I think dialing a phone number is easier than registering for a website.