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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%)

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Message: Re: Posted on the off topic forum

Feb 05, 2013 03:39PM
5
Feb 05, 2013 03:56PM

tp://agoracom.com/ir/CopperFoxMetals/forums/off-topic/topics/563216-fs-vs-bfs/messages/1772428#message

"By pursuing a project for too long, a company will not only lose money, they will also lose out on better opportunities. If a company determines a project is “feasible” the next step is to move forward with the assessment and approval11 phase."

I clicked on the assessment and approval phase of the above website and got the website below:

http://goldinvestingnews.com/17431/the-lifecycle-of-a-gold-mine-assessment-and-approval.html

"An Environmental Impact Study11 (EIS) must be completed before a miner can receive approval to build a mine. "

Based on this sentence alone, we may have failed the BFS. IMO.

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