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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: Just a thought.
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Nov 03, 2012 09:35AM
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Nov 03, 2012 11:09AM

Nov 03, 2012 11:17AM
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Nov 03, 2012 11:41AM

When you think about it, it really is ridiculous at how long it's taken. They were "on track" to finish the BFS in late 2010. 10! That's 2 years ago. And they were on track. Not from some caller, but from a NR! Most BFS's after a PFS take a year, 2 years tops - now I understand 2008 was a hectic time, so give them a years grace but we should have been done last year - not 4 years from the PFS. Hopefully the BFS is that much better that it's worth the wait.

2 years later, and admittedly - the project has become a lot bigger, our resource etc. But that'll happen in another 2 years of exploring as well. We've grown past the point where drill results will add value. We're at the point where the only way to add value, and more importantly RELEASE that value is by releasing the BFS. C'mon Elmer, you've missed 2 Christmas presents, give us one this year =).

We've been reviewing it. We've been told it's pretty much done and the actual sections that have been completed. There must be something holding us up, and I can only imagine it's Teck. I'm beginning to think we'll get the BFS and an offer will come much sooner than the 120 days or 60 day JV than I had previously been expecting.

Let's get this done!

(2010 NR that we were "on track": http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=402385&_Type=News-Releases&_Title=Copper-Fox-on-Track-to-Complete-the-Feasibility-Study-at-Schaft-Creek-by-En...)

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