Re: NEWS!!!
posted on
Apr 08, 2015 11:24AM
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%)
I was a bit skeptical about the Van Dyke property initially. I thought, what the hell are these guys doing? Focus on the Schaft Creek project and when you've got that figured out, then you can spend money and resources on other things. In hindsight, I think this was probably a very smart move. I wouldn't be surprised to see Van Dyke sold off before things are figured out a Schaft Creek. I can only think that the end plan for Schaft Creek is figured out, so the management are trying to use some existing capital to maximize their potential while this drawn out story of Schaft Creek plays out.
I was pleased to see that the PEA can go ahead with the information that they have. It would be nice to see Coppper fox get some money for that property and provide shareholders with more security going forward - knowing that we'd be under no pressure to take a lowball offer.