Re: Also Elmer's News Release on the BFS immediately pointed to the significant improvements to economics with the BFS recommendations:
- Copper Fox undertakes a diamond drilling program at Schaft Creek with a goal to determine the extent to which the 171.16 million tonnes of inferred resource, that lie within the pit shell, can be upgraded to a Measured or Indicated Resource. To the degree such a program is successful it will remove the affected material from being categorized as a rock removal expense to an ore bearing material and as such, a revenue generator; and
- Additional metallurgical testwork to pursue opportunities to increase metal recoveries and reduce processing costs.
- Shorten the project development execution timeline.
One thing that continues to puzzle me is that the BFS mentions these 3 things to improve the mining economics. Drilling on the East side is not even mentioned. Anybody know why that was? So they seem to going down a 4th option, increase production... Then we still have the other 3 options to pursue. So in that way, things are looking positive.
