Re: Spoke to Cathy
in response to
by
posted on
Nov 13, 2013 09:34AM
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%)
As we are talking about the future and where is the best opportunity. The current SP is all you can look at, if you bought at 1.50 that money is lost, not officially on paper, but you will lose it going somewhere else. Therefore you must use todays levels, and assume buying today. IMHO these levels are a bargin, i think about adding everyday. I also don't see how we couldn't crap out and sell this for $1.00, i guess unless Teck says they are never doing anything (but then why are they spending). I would love to hear some of the places you think may be better, maybe i should be looking ;) (pm is fine).