Re: ''bankable''
in response to
by
posted on
Feb 14, 2013 04:41PM
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%)
The Liard shares are fait accomopli
Storacle had a conversation with Elmer and this was what he said:
Elmer said that Yes the feasibility study has been delivered to Teck and that yes, Copper Fox believes it to be bankable.
He added. Does Teck think it is bankable? We are waiting to see if Teck agrees or disagrees with the feasibility.
If they agree with the feasibility, then the Liard shares should be transfered.
We have to conclude that the Liard shares will only be transferred if Teck "agrees" with the feasibility. The decision has not been made yet.