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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: Daily average Vs Warrants

This is what I get from that list of warrants.  The following does not include the most recent warrants that had their accelerated expiry clause waived.  So what is about to occur this week if the SP holds up is the triggering of the accelerated expiry of the  following warrant numbers:

Accelerated Expiry Triggers

18,337,000 warrants at 20-day VWAP of $0.20 

  8,333,333 warrants at 20-day VWAP of $0.30

26,670,333 total (likely triggered this week)

 

Proceeds:

 

$0.20 trigger: 18,337,000 at average $0.1501    =  $2,753,810

$0.30 trigger:    8,333,333 at    $0.17                     = $1,416,666

 

 

Total       26,670,333   at average $0.156 =  $4,170,476

I can't see how they can ask these way less in the money warrants to step up or let expire in 30 days when the company very recently waived the accelerated expiry clause on the recent 4-yr $0.09 warrants.   Wouldn't seem fair to the much more long-term, less in the money and stressed-out warrant holders listed above.  JMHO

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