posted on
Oct 28, 2014 08:00PM
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%)
Message: Re: News
"Who would know better about mining under Miami than the local producers? Why did they pass? I don't claim to know, but unless they are really stupid, am I crazy to not blindly accept that a few holes and some relatively minor work will yeild us such massive return".
Good question hoghead, but jmo
In the Minerals sector it seems...Miners Mine/ produce & Explorers spend the exploration Cash (and typically take the explorers risks ).
They have hired the Geo.s prevously laid off from cost & time concious Miners to do the "Proving up".
I've heard it said, and SC seems a typical example, that it takes 5+ years to prove a Resource-when u can discover it + another 5+ Years to Production... Needle in a haystack some of the time.
Mr. Keevil & co. knew something was up at SC, Salazar & ES have found the multiple Needles there & VD.
sb
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