Re: What would you do?
in response to
by
posted on
Apr 27, 2016 09:32PM
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%)
People seem to forget that at the current burn rate CUU will need a very conservative 5% dillution year after year just to make it. If Teck takes 5 years to decide and we're hanging around a 50-75M valuation you will still have lost at least 30% of your share. Seriously 150M now for SC only would be a miracle