RE: RE: !MyStockhouse/Default.aspx?u=3228723"">jgrew030:
Hasn't it been mentioned that the gold alone here(so far) is worth 4$min
Yup,
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CUU&t=LIST&m=30195973&l=0&pd=0&r=0
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CUU&t=LIST&m=30196131&l=0&pd=0&r=0
1ton = 1000kg
1kg =
32.15 troy oz
therefore, Agnico-Eagle
paid
M&I = 26,800,000 tonnes x 0.88grams/ton = 23,760,000 grams / 1000 = 23,760kg x
32.15 =
763,884 ou GOLD
Inferred = 19,700,000 x 0.80grams/ton = 15,200,000grams / 1000 = 15,200kg x
32.15 =
488,680 ou GOLD
if you add them it gives you =
1,252,564 ounces of GOLD..
And most importantly, 1.25million ounces of Gold & it was bought out for $275,000,000.00 ($275million)...
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Therefore, comparing CUU's RE alone (excluding the new drill results (2 of them))..
Highlights:
- The Measured mineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) is estimated to be 40.3 million tonnes grading 0.36% copper, 0.023% molybdenum and 0.25g/t gold(copper equivalent of 0.61%) containing 319.6 million pounds copper, 20.5 million pounds molybdenum and 0.32 million ounces gold,
- The Indicated mineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) totals 971.2 million tonnes grading 0.27% copper, 0.017% molybdenum and 0.18g/t gold(copper equivalent 0.45%) containing 5.8 billion pounds copper, 363 million pounds molybdenum and 5.5 million ounces gold,
- The Measured and Indicatedmineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) totals 1.01 billion tonnes grading 0.27% copper, 0.017% molybdenum and 0.18g/t gold(copper equivalent 0.46%) containing 6.1 billion pounds copper, 383 million pounds molybdenum and 5.8 million ounces gold,
- The Inferredmineral resource for the Schaft Creek deposit (at a 0.20% copper equivalent cut-off) totals a further 283.6 million tonnes grading 0.24% copper, 0.011% molybdenum and 0.15 g/t gold (copper equivalent 0.39%) containing 1.5 billion pounds copper, 69 million pounds molybdenum and 1.3 million ounces gold,
To Sum it up = M&I for CUU = 5.8million ounces not tonnage. Also, Inferred is 1.3million for CUU.. making it
5,800,000 + 1,300,000 = 7,100,000 million ounces of GOLD alone compared to Agnico received 1,252,564 ounces and paid 275million dollars.
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Just focusing on Gold, let's do some more calculation..
Boughtout for 275,000,000 for 1,252,564 OU GOLD
CUU = 7,100,000 / 1,252,564 = 5.67X more gold
therefore, multiplying 275,000,000 x 5.67X more gold = $1,559,250,000 = this is our buyout value only based on GOLD from the RE...
This gives us $1,559,250,000 / 378million shares = $4.125/share..
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in conclusion: If CUU's Gold content alone from the RESOURCE ESTIMATE JULY 2011 gives up $4.125/shares (compared to that of Agnico-Eagle's buyout of 275million dollars for 1/5th of size of CUU's Gold deposit)
Gives us a better picture of CUU's potential and i don't doubt for a single second if anyone tells me a buyout of 10+ is very much possible.. If we do ride that 25% with TECK, we will be worth over $20.00.. :)
-correct me if i made any mistakes-