Re: Copper Fox Feasibility - Measured vs Inferred vs reality - Chops
in response to
by
posted on
Dec 27, 2012 09:07AM
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%)
Remember that in the past they apparently had 'overpaid' dearly for a coal company (can't remember the name) but now it's profitable like hell. They are thinking future, not present. And now it might look like a high price to be paid for a junior but it's cashflow for decades.