Re: Copper Fox Feasibility - Measured vs Inferred vs reality-Cross
in response to
by
posted on
Dec 27, 2012 12:47PM
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%)
I don't understand how we didn't look at the resource block model in relation to the new mine plan this summer and realize we had this inferred blob sitting like a dead weight on our Measured and Indicated and the economics of our FS.
Imo, much of our exploration program has been catered to Teck's interests. They may have been sastisfied with existing data on this area and wanted us to test other targets. If I were Teck looking to buy out CUU that's what I would do. I would want CUU to spend their dollars on the potential of this district ( if I were planning to buy them out ). The other infill drilling can be done when the whole area is bought out.