posted on
Jan 20, 2013 10:47PM
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: VIRC
"Then we talked about what would happen if for some reason Teck decided to walk what would be our gameplan then. MS told me that they would get a partner to do a JV with them so they wouldn't have to dilute and raise any more money. They would control 100% of the project and could afford to give away 25% to do a good drill program to upgrade the 171M tons plus do an extensive exploration program on the untested areas."
25% would be steep for a drilling plan. I'd want to sell off CUU and buy that company.
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