posted on
Apr 08, 2015 02:40PM
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!!!
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The PIA announcement is certainly good news. If and when they sell VD, whether or not it's sold at an earlier stage or a few years down the road after the PFS, BFS, stage, shareholders should hope Management learned from their mistakes and doesn't put themselves into a position to get bent over a barrel and accept a significantly reduced asset valuation, such as controversial position they put themselves in when they sold 75% of SC to Teck for $39 million after spending close to $90 million to prep it for sale.
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