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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%)

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Message: Re: Teck in no position to acquire CUU in 2014
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Dec 13, 2013 04:52PM

Re: 2013 field program complete, work plan for 2014 under review

I wonder if when Teck releases the drill results, that they will also state their 2014 work plans at the same time. In that way we may get more information that I was initially expecting.

I find it funny (in a bad way), that here it is a week before the Christmas and AGAIN I'm awaiting each day for news from Copper Fox. But based on last year, we have 6 days to wait - I hope it is a better Christmas present this year. :)

I agree with youngmoney that I wish we would see a new BFS with all/most of the potential improvements. I'm not sure we will ever see this though - I have noticed that Teck doesn't like to publish their expected IRR (thinking of their tar sands investment). I think that once Copper Fox believe there is a enough information/proof to justify the number they have in made, then they will use their FRFO. However, I'm expecting that this will take the 2014 work to prove it up - so we have another year to wait. Due to how long the BFS takes and Teck desire to keep these things private, I suspect, I will never know what the revised BFS actually looked like. This is all just IMO.

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