posted on
Feb 11, 2016 12:19PM
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
4
Feb 09, 2016 10:52AM
2
Feb 09, 2016 12:28PM
The problem I have is that when Teck "backed in" or purchased 75% of the Schaft Creek project, there didn't seem to be any plan or more important, timeline on any development which leaves shareholders hanging in the wind. Neither Teck or Copper Fox will tell shareholders if there is a plan for Schaft Creek let alone what it is. When CUU invested over 90 million in SC then sold 75% of it back to Teck for 24 million (all of which is now gone) I thought there would certainly be some sort of guarantee or promise or even just a handshake that this was going to be a mine. Being sold at less than CUU cost, I thought the reason was because it was actually going to be developed sometime in my lifetime. Ah well....
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