Re: Buyout /Production Decision Negotiations Folks
posted on
Oct 01, 2017 03:29PM
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%)
My main problem with this scenario is what company is going to pay any amount of money for Copper Fox's 25 percent share without first knowing not only when, but even if the majority shareholder is going to go forward with the project? CUU is the minority shareholder now and we have no idea. We have been stuck in this box for years now with no change and what appears to be no ability to do anything about it.