Re: Year End Financials
posted on
Feb 14, 2013 02:48PM
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%)
So are you saying we can go well beyond 60 days without a comment from the company on a Joint Venture with Teck?
The JV in this case is just a re-writing of the current Agreement that Teck has to submit to Copper Fox within 60-days post feasibility. Copper Fox then has an unlimited time to review it. It's not really signfiicant because it is mostly the same Agreement we have now.