nice silver play, page-12

Makamint

It is worth noting that the poster of that tripe was DDzx who has issues with CCU because he sold early and got a 3 bagger and missed out on getting a 10 bagger if he held, he seems to try and trash talk CCU at any opportunity.

I had written a rebuttal to his post but had a power outage just before I finished it, then couldnt be bothered rewriting it. His numbers are just plain wrong.

DDzx wrote "CCU currently only has 12.8Moz over 5 year mine life. At $34 silver, $30m capex & $10 opex, CCU will earn $170m in net cash over 5 years or, (on 160m shares), $1.06 per share in cash over 5 years."

$34 less $10 OPEX = $24. x 12.8Moz = $307.2 million. Less the $30 million CAPEX = $277.2 million. Divided by 160 million shares = $1.73 per share not the $1.04 DDzx claims.

Just for interests sake if we use the 51Moz indicated/inferred figure it works out at $7.46 per share.

It could prove to be that the resource is a lot larger than 51Moz.

I would recommend taking anything DDzx says about CCU with a hefty grain of salt.

Cheers

BN