Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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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A thought

kodi1234

Nov 16, 2012 09:46AM

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Re: A thought

in response to

A thought

kodi1234

posted on Nov 16, 2012 09:57AM

I think it is quite possible that a delay was requested in anticipation of issues like this possibly bearing on their finance planning on developing the Schaft Mine

http://www.reuters.com/article/2012/11/16/us-china-congress-chen-idUSBRE8AF0L420121116

Given that a strongly suspected Teck development partner would probably be impacted by how these events play out, I think it may well be that folks were relucatant to step up until the tea leaves were clearer

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