Comparing us to Nova Gold
in response to
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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: Comparing us to Nova Gold
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http://www.reuters.com/article/2011/07/29/novagold-galorecreek-idUSN1E76S04I20110729
Came acros the above article called, "Novagold's Galore study fails to impress." Galore Capex is 5.2 Billion; ours is 3.256 billion. Interesting article to compare against our BFS. I think Schaft is still a more attractive project than Galore.
Importantly, there is a back-in agreement which creates some urgency for Teck to act on CUU where as Teck has the right of first refusal if and when a buyer is identified to buy Novagold's Galore property.
Thoughts or ideas on this?
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