Re: Copper Fox reports 2011 annual financial results and a corporate update Copper
posted on
Feb 28, 2012 03:32PM
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%)
Yes the wording has changed a bit but it doesn't mean that the BFS is delayed. Feb. 16 release states:
The feasibility study is being led by Tetra Tech WEI Inc. on a minimum 120,000 tpd open pit mine and is expected to be completed during the first quarter of 2012.
So as far as we know, no delays.