Re: Both Sides of the Picture
in response to
by
posted on
Feb 12, 2012 07:45AM
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%)
"CUU has massive dilution as well, and dont forget that Schaft Creek also lies on the Tahltan Nations lands".
Insiders own 64% and the number os shares are deluted in the massive value.
As for the Tahltan...
http://www.copperfoxmetals.com/s/SchaftCreek.asp?ReportID=209028
Tahltan Nation community relations engagement and consultation
Copper Fox is working with the Tahltan Central Council and the Tahltan people to ensure, honest and transparent communication. Over the past three years, Copper Fox has met with the Tahltan Central Council and conducted several community meetings to discuss the progress on the project and receive feedback from the political leadership and Tahltan community members.
Copper Fox has entered into several agreements with the Tahltan Central Council and the Tahltan Nation Development Corporation including:
Other community relations activities include sponsorship of an annual $15,000 Scholarship
Copper Fox Metals and the Tahltan Central Council, on behalf of the Tahltan Nation including the Tahltan Band and the Iskut First Nation are offering a merit-based scholarship to a Tahltan First Nation student planning to attend the University of Alberta to study in one of following programs: Education, Nursing, Medicine, Physiotherapy, Nutrition, Law, Engineering, Geology, Agriculture, Social Work or Native Studies.
The Copper Fox Scholarship is a new undergraduate program for students attending the University of Alberta. The scholarship will be provided over five years max ($15,000 per year). The Copper Fox Scholarship covers tuition, regular student fees and books for students studying at the University of Alberta for up to five years. Continued support under this program depends upon maintenance of satisfactory academic standing and enrollment in a full time program that will lead to an undergraduate degree.
Copper Fox Metals is the sole contributor to the fund. Award winners are selected on the basis of academic performance, career goals, brief biography, role model qualities, and volunteer and leadership contributions to their community. Academic performance, residency and career interest are considered in the selection process. Applicants who wish to pursue a career in the mining industry and traditional studies are favoured.