Re: Elmer on Twitter
in response to
by
posted on
Mar 01, 2024 11:49AM
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%)
The news on this years program is actually good. We are progressing, albeit at a pace slower than a snail takes to cross the continent.
We need the results that are delayed. We are working toward PFS hopefully in the timeline mentioned. Teck should be coming into a lot of cash by the end of the year with the coal sale. Copper price is expected to rise once the US starts to cut interest rates, expected by June.
The most frustrating part is that the share price does not reflect the value that most of us believe it should be. A little jump in the price since the news but we need volume for it to run.
A sale of Van Dyke would be awesome but not likely to happen soon. We are probabaly looking at another PP.
Certainly not pleased like Elmer but whats another year when you have been around for 14 ish.
Sometimes things happen when you least expect so we can hope.
Radagast