Re: News! The $1.65 Million question is why?
posted on
Dec 21, 2015 09:18PM
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 often thought that if CUU had to raise money, that possibly TCK or EE would subscribe. Would certainly show us shareholders their confidence in the project. . Just wished it said who subscribed for some clarity.
Only bright side that CUU thinks so highly of Carmax that CUU [in these times, comodities ect.] is continueing to increase our portfolio of assetts, as apposed to just waiting on the sidelines for TCK. I am sure EE and ES want this deal done but realize it may be further away and any uptrend in the commodities market seems to be well down the road.
I like the projects we are working on for future Value.
Looks like we wait some more. OH well, never ends, but I keep the faith and will try and hang in for the full journey.
R