posted on
Jul 20, 2012 01:12AM
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%)
Message: Re: AGM
Web, Elmer said at the AGM that CUU wants to have a FS that will be hard to challange, so they are making sure they check and double check and then check again
I liked the crack Elmer made right after he said the above, about lawyers being able to find a fault in anything, even if it's done right. Then he quickly turned to Hector (secretary of the AGM) and tried to backtrack ... funny moment :) Hector is quite an accomplished lawyer btw if you look at his track record.
Really liked to hear that Cam Grundstrom has pulled together a team of "seasoned consultants" to go through this in detail (sorry, repeating myself here). I think the FS is going to be airtight ... the RE was very detailed IMO, and this should be even more comprehensive/thorough.
The BFS is going to be a good day ... Elmer in effect confirmed the -$0.04 number today (or at least that it was close). Yep, sleeping soundly tonight, and wondering if I can pick up just a few more shares somehow ...
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