Re: Misc Thoughts
in response to
by
posted on
Nov 30, 2014 03:26PM
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%)
Mineral exploration tax credit BCMETC which I believe we should have received by now.
No we haven't received that yet. When we get it there will be a News Release because it is of material importance.
We don't even know the correct amount either because, until the government approves it they are still looking it over item by item.
They look at it in great detail. For example sometimes when they use the helicopter to transport people to the site it doesn't qualify, but if they transport goods as well it does qualify. Then if a drill result is for technical purposes it might not qualify, but if it is for exploration purposes then it does. All the expenses associated with an exploration drill hole get added into the mix, but the technical holes would require everything being removed.
It's very detailed and specific. They have an expectation of a certain amount of funds coming through this tax refund but I don't think they could be already spending based on this. They don't really know when it is going to be given to them. I think they are hoping for the first quarter.
As far as this stock has gone I don't think anything is happening until it has happened.