Re: how far Elmer can go before raising next fund?
in response to
by
posted on
Dec 03, 2013 03:27PM
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%)
At the time the JV was announced, Elmer Stewart made it clear that a very positive outcome of this agreement was no further requirement to raise funds to bring Schaft Creek to production and that financially the company was in excellent shape financially to pursue strategic acquisitions. This info has been out there for awhile now.
For those who have questions about the company's sustainable financial position should contact Copper Fox at 1 403 264 2820.
Cheers, SF