posted on
Nov 13, 2012 12:06PM
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: Info
Your Vote:
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
The key excerpts from the NR on Sep 25, providing an update on the FS, states:
"Moose Mountain Technical Services has completed the "Mine Plan" for the Schaft Creek project. The optimized plan will be used to complete the economic analyses and project sensitivity. All other aspects of the Feasibility Study are complete. Merit Consultants International Inc. of Vancouver, British Columbia has been contracted by Copper Fox to perform a peer review of the Feasibility Study...Simultaneously Copper Fox will be performing its own internal review to be led by Matt Bender...who ...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. Mr. Elmer Stewart stated " It is evident the company is at the final stages of completing this important report, that being said, the company will diligently perform its internal review process to ensure completeness and accuracy and that the final report appropriately reflects the economic potential of the Schaft Creek resource. The completion of this Feasibility Study is the most significant event to occur in the Company in its eight year history."." (emphysis mine)
Once these processes are complete the results will be announced by way of a news release.
From this NR, it is clear that CUU does not intend to have any NR to update the status of the FS, but will issue one "once these processes are complete".
All we can do now is to wait for this BIG ONE! Let's hope it wouldn't be long!
8 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply