Re: CUU may be reviewing the BFS?
in response to
by
posted on
Dec 03, 2011 12:27PM
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%)
OK , so is it or is it not, the value of CUU is based on the BFS? Dogger
I believe the value of Copper Fox will include a complete package of goods and services.
For example as mentioned before by Vette;
1) BFS lays out the mine plan
2) Resource Measured & Indicated
3) Assays
4) New Claims
5) Mine Financing
6) Port Storage
7) New Drilling
8) Secure Country
9) Great relationship with First Nations
10) No fish cocerns
So in my opinion, at the end of the day, I believe these things will determine the buyout price.
I would agree with you that the outstanding drilling assays will indeed be important to this process.