Re: Share swap
in response to
by
posted on
Aug 27, 2019 08:24PM
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%)
"Sumitomo, Mitsubishi or event Tesla could buy our 25% to secure the resource."
How do you "secure the resource" when you have no control over when or even if it will be developed in your lifetime? We could all die with our ten cent shares (my mistake, 08.5) and what would make any investor believe anything from CUU after all the "planned", "expected", and "anticipated" failures over the last seven years?
If elmer told me the sky was blue I would honestly have to go outside and look....