Re: Email from Jason
in response to
by
posted on
Feb 06, 2013 10:03AM
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 think the important take home message here is that Copper Fox is in discussions with Teck Resources. This is really vital information. I am sure Teck isn't calling Elmer to ask him what his summer vacay plans are, chatting about today's horoscope, etc.
Let the big boys chat and negotiate. We will find out soon enough after they've had a cigar and courvoisier and sealed the deal. In the meantime, expect no information. Information leaks are known to make negotiations go limp.