Re: Copper Fox reports 2011 annual financial results and a corporate update Copper
posted on
Feb 28, 2012 03:19PM
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%)
Am I reading the release wrong because I am seeing that we are waiting on Tetra Tech, not Teck Resources.
As well, it seems that management is confident that just the exercising of outstanding options and warrants will provide funds required.
I don't see any hint at delays. JMO
Magic