Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Re: Teck precedent
18
Sep 18, 2014 12:53PM
2
Sep 18, 2014 01:26PM
2
Sep 18, 2014 03:06PM
11
Sep 18, 2014 03:27PM
3
Sep 18, 2014 03:43PM
6
Sep 18, 2014 03:49PM

It would help immensley. It was like a double whammy to our BFS. Not only was the inferred classified as waste or worth absolutely zero but then there was the cost that had to be included to remove the 171 mil tons. Even if they had drilled and proved it to be marginal, the huge removal costs wouldn't have been needed. After spending 80 million in direct costs I still can't figure out why they didn't bother sinking a couple of drills to do this, or explain it beyond "fog".....

I remember reading somewhere that it's not as easy as couple drills to prove the inferred and change it in the BFS.

CUU knows it's mineralized. But Tetra Tech cannot just and assume the inferred as mineralized rock. They have to take their own professional conservative approach to it.

That's why after the JV, Teck is the operator and it's their first time working on SC. They are able to finally see what's there. They are doing their own drilling and they can see that it's mineralized. And from what Prospekt said, a miner with revenue over $x, it's considered within 43-101.

I don't think it's as easy as making a couple drills to prove it Grant.

4
Sep 19, 2014 01:36AM
6
Sep 23, 2014 06:58PM
1
Sep 23, 2014 10:07PM
3
Sep 23, 2014 10:31PM
Share
New Message
Please login to post a reply