Re: Galore Creek

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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Orcinus

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Re: Galore Creek

in response to

Galore Creek

malakijoy

posted on Oct 23, 2011 03:09PM

I think the quote below, taken from one of the links Malakijoy provided, is good news for CUU:

"A pre-feasibility report earlier this year put the cost at building the mine at $5.2 billion.

However production from the project in northern B.C. is still years away even if the companies decide to go ahead. NovaGold estimates that obtaining the necessary permits will take roughly two years and construction about four years.

RBC Capital Markets analyst Stephen Walker lowered his price target on NovaGold to $11 from $16 per share on Monday, with a "sector perform" rating with "speculative risk." "

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