Re: Called and spoke to Cathy
in response to
by
posted on
Mar 04, 2013 01:11PM
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%)
At 20% our contract get us our drilling $ back and we own 80%
For 40% Teck doubles our drilling and we own 60% plus have a managing partner
At 75% we own 25% of a mine and get to invest about $360 million
The first option gives us a free deposit that's an EA away from mining it. The second option gives us $170 million and a majority share of a deposit almost mine ready. The third option, as already stated.
Tell me that with a potential 20 billion pounds eq that we can't get $2 for any of these options! The ROV even if taken at 60% of its projected value earns that in spades.