Re: Teck Ressources delays Frontier oil sand by 5 years!
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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: Teck Ressources delays Frontier oil sand by 5 years!
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Either they will be revealed and we can move our 25% or bam and we are out of the picture with a buyout
With copper prices hitting 6 year lows, you're kidding yourself if you think you'll be happy with any buyout valuation offered for Schaft Creek, if Copper Fox were to sell now.
Besides, Elmer already publically stated over a year ago he wasn't interested in selling until metals prices improved, and metals prices are far worse now than when he said that over a year ago.
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