Re: Question?
in response to
by
posted on
Sep 26, 2012 10:13AM
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%)
From the PR
Merit Consultants International Inc. of Vancouver, British Columbia has been contracted by Copper Fox to perform a peer review of the Feasibility Study.
...from Merits website
Committed to keeping the scope of a project in the "Owner's Control", Merit acts as an extension of the Owner's development team and assists in the selection and co-ordination of resources best suited to a particular project.
What Merit does is not consistent with what Copper Fox would need
They consult with developers, not explorers
I think Merit was a directed study for Teck, probably with a fee reimbursement arrangement in keeping with Teck's studied resistance to allowing any public interest to be shown in the project
This appears to be a stroke of brilliance on Elmer's part
Simultaneously Copper Fox will be performing its own internal review to be led by Matt Bender,
Really difficult to figure out exactly how, or if Mr Bender is compensated by CUU, or is simply working due diligence on behalf of his daytime job for Newmont...which I think is likely