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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%)

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Message: Re: So many things don't add up...
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Nov 01, 2012 01:43PM
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Nov 01, 2012 02:15PM

http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/551178-spoke-with-management-about-bfs/messages/1735982#message

Did you guys miss this part...it took Merit 7 days. I also confirmed this yesterday.

''So ... Merit's review of the entire several thousand page draft report was done in a week (per Elmer Thursday but didn't say when it was completed) which I would have to assume means Matt is done his review since he has more specific knowledge of the project and more time to focus. Elmer indicated Matt will be kept on to stickhandle the final report input with Tetra Tech.''

Now this review was announced Sept 25th­, yet Merit was contracted in March. So we don't know when the review started or ended, we just know it took 7 days....

Sept 10th they said::

The final phase of the feasibility study, the economic analysis, is expected to be completed in early September. The majority of the sections of the feasibility study have been drafted and reviewed.

Being in Vacouver all week I'll assume they're with TT, revising the results of the possible Merit recommendations. Knowing it took Merit 7 days....tells me no issues.

That or they're doing the number crunching or final drafting and a NR should follow shortly.

''Simultaneously Copper Fox will be performing its own internal review to be led by Matt Bender, Registered Professional Engineer (Metallurgical), who has extensive background in this area and was the author and a "Qualified Person" of the 2008 Schaft Creek Pre-feasibility Study. Once these processes are complete the results will be announced by way of a news release. ''

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