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%)

Free
Message: Friday Ramblings

I noticed the InvestNorthWestBc website has updated our information to include the feasibility details. A sign that we are moving in the right direction, albeit slowly.

There is an article in the Tyee today about how large corporations are hoarding cash. As we know, Teck is at the top of that list. The discussion is about how the tax breaks that were given to corporations to stimulate jobs and the economy isn't working because these corporations are just hanging on to their cash. It is this sort of discussion that makes me believe Teck might buy us out completely because the opportunity is now, and they've been saving that cash for something. That, and Madu talking up Schaft Creek at the opening of AMEBC. Copper Fox and Teck meet with those government people all the time and they would be aware of how the project is progressing. There was also another thing about mining in Mongolia being threatened and an article in the Globe today about the cost of exploration in Africa entitled: Resource firms must not underprice risk of investing in Africa. Yet another article about a project blowing over their CAPEX.

All over the place there are geopolitical risks and increase CAPEX costs. Well, we've got a newly-minted CAPEX that could only be improved by Teck's economies of scale, up to 30%-45% better so Mike has told me, so it seems hard to argue against Teck backing in and making this a mine.

Share
New Message
Please login to post a reply