Re: Is Copper Fox still your investment of choice today?
in response to
by
posted on
Jan 08, 2014 09:28AM
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 problem with that is if you look at BC, who else could develop this project in this region? Being aligned with Teck is a good thing, but also bad. All eggs are in one basket. The other big boys who would buy an asset of this size don't operate in BC or in this region, this was reviewed by Elmer at the AGM. IF Teck walks, we are limited in our options mgmt knows that.