Re: Timeframes/Sentiment
in response to
by
posted on
Jul 24, 2013 12:36AM
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%)
How much did we spend in total and how much are we getting back?
"Isn't that what Copper Fox was supposed to do? How did they manage to explore the property for years without proving it's potential?"
"No. Cuu's job was to produce a positive feasibility study and present it to Teck, not prove up all the lands in the Schaft Creek area at CUU shareholder expense. That should be on Teck's dime, not ours and it now is."