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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%)

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Message: Re: Daily average Vs Warrants
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Jan 15, 2021 10:35AM
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Jan 16, 2021 12:06PM

IIRC those $0.15 warrants were exercisable at 15 cents for only the first two years.  If those warrants got extended the exercise price of those warrants is now $0.17. I think the VWAP for 20 days has to exceed $0.17 for these warrants.

After some thought I think I may have this wrong. Sorry. I now doubt that the accelerated expiry 'trigger price' is adjusted according to the higher (post 2 yrs) exercise price.  

If anyone has clarity on these warrant trigger questions please chime in.  If anyone has a list of each warrant still outstanding that would be great to see too.  MoneyK?

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